The Enigma of the Family Successor-Firm Performance Relationship: A Methodological Reflection and Reconciliation Attempt

被引：49

作者：

Ahrens, Jan-Philipp ^{[1
]}

Calabro, Andrea ^{[2
]}

Huybrechts, Jolien ^{[3
]}

Woywode, Michael ^{[1
,4
]}

机构：

[1] Univ Mannheim, Sch Business Studies & Econ, Dept Business Studies, L9 1-2, D-68161 Mannheim, Germany

[2] IFBI, IPAG Business Sch, IPAG LAB, Nice, France

[3] Maastricht Univ, Sch Business & Econ, Dept Org & Strategy, Maastricht, Netherlands

[4] Ctr European Econ Res, Mannheim, Germany

来源：

ENTREPRENEURSHIP THEORY AND PRACTICE | 2019年 / 43卷 / 03期

关键词：

succession; family successor; firm performance; CEO characteristics; family firms; SOCIAL-EXCHANGE THEORY; HUMAN-CAPITAL THEORY; CORPORATE GOVERNANCE; BUSINESS SUCCESSION; UPPER ECHELONS; OWNERSHIP; BEHAVIOR; MANAGEMENT; AGENCY; ORGANIZATION;

D O I：

10.1177/1042258718816290

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Empirical studies examining firm performance following CEO succession in family firms predominantly document inferior performance of family successors. This evidence is at odds with general theoretical literature that attests a positive effect of family involvement inside the firm. To explore this enigma, we theoretically and empirically disentangle the influence of the CEO attribute family member (i.e., the CEO is affiliated to the family) on post-succession firm performance, from other, distinct CEO attributes (e.g., CEO-related human capital). Our analysis on the individual CEO level shows that after respective controls, the family member attribute is significantly positively related to post-succession firm performance.

引用

页码：437 / 474

页数：38

共 151 条

[1] Are outsiders handicapped in CEO successions? [J].