Determinants of family employee work performance and compensation in family businesses
Loading...
Date
Authors
Van Der Merwe, Stephanus
Researcher ID
Supervisors
Journal Title
Journal ISSN
Volume Title
Publisher
Encyclopaedia Britinnica
Record Identifier
Abstract
This study characterizes employee compensation in family owned and managed firms compared to that in non-family firms and professionally managed family firms. The general results show that employee compensation differs between firms. This is an important finding because to understand employee compensation designs it is necessary to understand the role of ownership concentration and management composition in the firm, since the compensation components are explicitly defined according to risk sharing and to the interest of the owners, CEO, and employees
This study characterizes employee compensation in family owned and managed firms compared to that in non-family firms and professionally managed family firms. The general results show that employee compensation differs between firms. This is an important finding because to understand employee compensation designs it is necessary to understand the role of ownership concentration and management composition in the firm, since the compensation components are explicitly defined according to risk sharing and to the interest of the owners, CEO, and employees
This study characterizes employee compensation in family owned and managed firms compared to that in non-family firms and professionally managed family firms. The general results show that employee compensation differs between firms. This is an important finding because to understand employee compensation designs it is necessary to understand the role of ownership concentration and management composition in the firm, since the compensation components are explicitly defined according to risk sharing and to the interest of the owners, CEO, and employees
Sustainable Development Goals
Description
Keywords
Citation
VAN DER MERWE, S. 2009. Determinants of family employee work performance and compensation in family businesses. South African Journal of Business Management, 40(1):51-63, Mar. [http://www.journals.co.za/ej/ejour_busman.html]