Post by arfangj5 on Mar 13, 2024 1:06:50 GMT -5
percent increase in hours worked. The effect of the cricket tournament was a different story. The researchers looked specifically at the effect of playoffs semifinals and finals which all happened in the evening starting around p.m. Indian Premier League games are different from standard cricket games in that they are condensed to just about three hours of play. On the day of the cricket match they d all leave the office by early afternoon Sadun says.
Regardless of whether they were professional or family CEOs they d all leave early and according to our interpretations they were all leaving to watch the game. However the data showed that the professional CEOs on average planned their schedules accordingly on cricket match days—compensating for the early Bank Email List departure by increasing the hours worked earlier in the day. Family CEOs on the other hand worked fewer hours throughout the day. Cross country Comparisons Considering the finding that more CEO hours worked yields more productivity and profit the researchers wondered whether the couldn t afford to delegate key duties to professionals who would be willing to work longer hours—and thus generate better results—than the CEOs themselves. Delegation is prohibitively expensive in India due to poor contract enforcement the researchers explain in the paper. If delegation costs entirely explain why family CEOs stay at the helm of their firms we should observe no difference in the time use of family and professional.
CEOs in richer countries they write. To that end the researchers conducted a similar study among a large sample of some manufacturing firm CEOs in Brazil France Germany the United Kingdom and the United States. The results were similar across the board. The difference between family and professional CEOs in terms of hours worked turned out to be about percent in Brazil and percent in the higher income countries. There are certainly plenty of examples of high profile family owned firms like Walmart that employ nonfamily CEOs.
Regardless of whether they were professional or family CEOs they d all leave early and according to our interpretations they were all leaving to watch the game. However the data showed that the professional CEOs on average planned their schedules accordingly on cricket match days—compensating for the early Bank Email List departure by increasing the hours worked earlier in the day. Family CEOs on the other hand worked fewer hours throughout the day. Cross country Comparisons Considering the finding that more CEO hours worked yields more productivity and profit the researchers wondered whether the couldn t afford to delegate key duties to professionals who would be willing to work longer hours—and thus generate better results—than the CEOs themselves. Delegation is prohibitively expensive in India due to poor contract enforcement the researchers explain in the paper. If delegation costs entirely explain why family CEOs stay at the helm of their firms we should observe no difference in the time use of family and professional.
CEOs in richer countries they write. To that end the researchers conducted a similar study among a large sample of some manufacturing firm CEOs in Brazil France Germany the United Kingdom and the United States. The results were similar across the board. The difference between family and professional CEOs in terms of hours worked turned out to be about percent in Brazil and percent in the higher income countries. There are certainly plenty of examples of high profile family owned firms like Walmart that employ nonfamily CEOs.