Founder-CEOs and Management Myopia

To date, Founder-CEOs received very little attention in the field of Strategic Management. This holds for the role of founder-CEOs regarding the company’s long-term performance and competitive advantages, as well as for differences in decision-making behavior when com-pared with salaried CEOs. Founders and family members usually have larger shares in the company and, due to their participation when building up the company, generally a more requisite knowledge, stronger voice and decision-making power. Their long and personal affiliation to the company also effectuates a more intrinsic motivation and a more emotional attachment compared to salaried CEOs. In this paper, we analyze whether founder-CEOs are
less susceptible to myopic behavior than salaried managers.

Konferenzvortrag gemeinsam mit Charlotte Schuster (Universität Oldenburg)