The Trade-Offs of Incentive Programs in Family Enterprises

Hermut Kormann () and Birgit Suberg
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Hermut Kormann: Zeppelin University
Birgit Suberg: Xi’an Jiaotong-Liverpool University

A chapter in Topics of Family Business Governance, 2021, pp 151-154 from Springer

Abstract: Abstract In all professional vocations, it is usual that more work generates a higher income. The medical doctor, the lawyer, the architect who works more will write more letters of liquidation. However, these invoices are not—at least in Europe—linked to the specific result of the professional involvement. This is not considered necessary as it is taken for granted that the professional will work to the best of his or her ability in the interest of the client.

Date: 2021
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DOI: 10.1007/978-3-030-58019-3_30

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