Are Founder-Led Firms Less Susceptible to Managerial Myopia?:
Entrepreneurship Theory and Practice, pp. 1042258718806622018.
Considerable evidence suggests that CEOs often behave myopically. It is open to debate, however, whether managerial myopia is equally prevalent among founder-led firms. Drawing on agency theory and stewardship theory, we analyze whether founder-led firms are less likely than nonfounder-led firms to cut Ru0026D expenditures in order to mee...More
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