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

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

doi:10.1007/s11365-019-00602-8

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

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

Research output: Contribution to journal › Article › peer-review

6 Citations (Scopus)

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 language	English
Pages (from-to)	1043-1063
Number of pages	21
Journal	International Entrepreneurship and Management Journal
Volume	16
Issue number	3
DOIs	https://doi.org/10.1007/s11365-019-00602-8
Publication status	Accepted/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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10.1007/s11365-019-00602-8

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AB - 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.

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

Abstract

Keywords

ASJC Scopus subject areas

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