...Ivo Schedlinsky; Friedrich Sommer; Arnt Wöhrmann Purpose In the aftermath of the financial crisis, the influence of competitive compensation systems on employee risk taking has gained increasing attention. As the renouncement of such incentive schemes might entail severe disadvantages regarding...

... Risk taking It is widely acknowledged that family firms form the backbone of most countries' economies, accounting for roughly 90 percent of all firms worldwide (Aldrich and Cliff, 2003). Given this enormous economic importance, research focused on family firms has only intensified over...