|
EconStor >
Humboldt-Universität Berlin >
Sonderforschungsbereich 649: Ökonomisches Risiko, Humboldt-Universität Berlin >
SFB 649 Discussion Papers, HU Berlin >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/25265
|
| | |
| Title: | | Family management, family ownership and downsizing: evidence from S&P 500 firms  |
| Authors: | | Block, Jörn Hendrich |
| Issue Date: | | 2008 |
| Series/Report no.: | | SFB 649 discussion paper 2008,023 |
| Abstract: | | Little is known about the relationship between family firms and their employees. This paper aims to close this gap. We distinguish between family management and family ownership as two dimensions of family firms and analyze their respective influence on downsizing. Our findings show that family management decreases the likelihood of downsizing, whereas the extent of family ownership decreases the likelihood of downsizing only with regard to deep job cuts (above 6%). We conclude that family managers have a strong long-term perspective, which is in line with both agency and stewardship theory. Yet, the idea that reputation concerns lead family owners to shy away from downsizing is only partially supported. |
| Subjects: | | Family firms family management family ownership job cuts downsizing layoffs |
| JEL: | | G34 L21 M12 M13 M14 M51 |
| Document Type: | | Working Paper |
| Appears in Collections: | | SFB 649 Discussion Papers, HU Berlin
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/25265
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|