The IfSTO would like to cordially invite you to the upcoming research talk by

Assistant Professor Raffaella Sadun (Harvard Business School)

Topic: "Managing the family firm: Evidence from CEOs at work"

Abstract (short):

We develop a new survey instrument to codify CEOs’ diaries in large samples and use it to measure the labor supply of 1,114 family and professional CEOs of manufacturing firms across six countries (Brazil, France, Germany, India, the United Kingdom and the United States). By this measure, family CEOs work 9% fewer hours relative to professional CEOs, even when we control for a wide range of CEO, firm and industry characteristics. The differences in hours worked between family and professional CEOs are larger when the opportunity cost of leisure is lower. We interpret these results as evidence of differences in preferences for leisure across CEOs rather than optimal responses to organizational differences correlated with ownership. Differences in labor supply are larger in countries where inheritance laws favor wealth concentration and are correlated with differences in firm performance.

Time:  Thursday, 02 July 2015 from 1:15 pm until 2:45 pm
Location: Seminar room 15/3.504 (3rd floor) or at meeting room 4.313 (4th floor), both at Oskar-Morgenstern-Platz 1, 1090 Vienna
For updates see: http://www.wu.ac.at/ifsto/speaker-series
If you are interested in attending the presentation, for planning purposes kindly confirm your interest to Elisabeth Brunner (elisabeth.brunner@wu.ac.at)

The speaker series is hosted jointly by the Institute for Strategy, Technology and Organization (Christopher Lettl) and the Strategic Management Subject Area at the University of Vienna (Markus Reitzig). The series addresses topics at the interface of strategic management, innovation, technology, and organization design. Aim of the series is the facilitation of research dialogue within our department, boundary spanning to other WU departments, and the facilitation of networking with renowned scholars in the field. See http://www.wu.ac.at/ifsto/speaker-series/ for details on future talks (speakers, dates). The series is associated with the RESEARCH PROGRAM ON OPEN INNOVATION of the Institute for Strategy, Technology and Organization.

We are greatly looking forward to seeing you!