An Ongoing race: family CEOs vs. non-family CEOs

Dmitry Khanin, Atanu Rakshit, Raj V. Mahto, William C. McDowell

Research output: Contribution to journalArticlepeer-review

Abstract

Recent studies have established that non-family CEOs invariably outperform family CEOs. In this paper, we argue that the case against family CEOs could be overstated. Applying a contingency theory, we propose that the growth stage of the firm and management practice domains moderate the influence of CEO type on firm performance. Using the dataset of 1288 family firms collected as part of the World Management Survey, we find support for most of the hypotheses. Finally, we draw attention to the conceptual and practical implications of our findings.

Original languageEnglish
Pages (from-to)1043-1063
Number of pages21
JournalInternational Entrepreneurship and Management Journal
Volume16
Issue number3
DOIs
Publication statusAccepted/In press - Jan 1 2019

Keywords

  • CEO
  • Family business
  • Family firm performance
  • Management practice

ASJC Scopus subject areas

  • Management Information Systems
  • Management of Technology and Innovation

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