Family firms and long-term orientation of SG&A expenditures

The study investigates whether founding families influence the input resource spending on SG&A activities toward long-term orientation (LTO) in family firms. SG&A expenditure is characterized as LTO when SG&A spending amount increases with the firm’s capability of converting SG&A resources into long-term value. The results show that family firms, relative to non-family firms, are more positive in the relation between SG&A expenditure and the...