Family ties, firm performance and managerial compensations in African SMEs
| Autor: | Eugene Bempong Nyantakyi |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
Economics and Econometrics
Entrepreneurship Family ties Differential treatment Compensation (psychology) 05 social sciences General Business Management and Accounting Family relations 0502 economics and business Business 050207 economics Marketing Emerging markets 050203 business & management Industrial organization |
| Zdroj: | Small Business Economics. 46:493-501 |
| ISSN: | 1573-0913 0921-898X |
| DOI: | 10.1007/s11187-015-9692-7 |
| Popis: | This paper uses data from the World Banks Enterprise Surveys to assess the impact of family ties on managerial compensations in selected African SMEs. The results suggest that while managers who are related to the owners of an enterprise receive higher performance-based compensations than professional managers, their compensations are less sensitive to firm performance than that of professional managers. These findings parallel those of Chinese enterprise managers identified by Cai et al. (Rev Econ Stat 95(3), 850–867, 2013). This suggests that family relations play a significant role in compensation schemes for enterprises in developing and emerging markets and that differential treatment exists between family and non-family managers. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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