105 KB36 KB200620252013Sternad, Dietmarštevilka:2letnik:8str. 93-107, 175ISSN:1854-4231COBISSID:4775895URN:URN:NBN:SI:doc-HGKWHGYFenFakulteta za managementManagementdružinska podjetjamanagerjiodgovornostvodenjeManagerial long-term responsibility in family-controlled firms|Evidence suggests that long-term orientation (lto) as a dominant strategic logic contributes to the sustainable performance of family-controlled firms (fcfs). Combining a review of the literature on lto with stewardship theory and upper echelons theory reasoning, this article presents a typology of managerial responsibility and introduces the concept of long-term responsibility as a managerial characteristic constituting a major driving force behind creating lto. The antecedents of long-term responsibility under family firm-specific conditions (stemming from the family system, the governance system, and family-firm managers personal characteristics) are also identified and presented in an integrated model. The paper contributes to a more comprehensive understanding of intertemporal choice in fcfs and explains why they tend to be more long-term oriented than other types of firmsTEXTznanstveno časopisjejournalsSlovenian National E-content AggregatorNational and University Library of SloveniaUniverza na Primorskem, Fakulteta za management