Management idea | Family CEOs work fewer hours than professionals1 min read . Updated: 30 Sep 2014, 05:37 PM IST
Researchers found that founder CEOs and second- and younger-generation CEOs record 11% and 6.6% fewer hours at work than professional CEOs
Mumbai: If time is money, family chief executive officers (CEOs) make less money for their firms because they spend less time working than professional CEOs, argue researchers Oriana Bandiera of the London School of Economics, Andrea Prat of the Columbia Business School and Raffaella Sadun of the Harvard Business School in their working paper Managing the Family Firm: Evidence from CEOs at Work.
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