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

Author

Listed:
  • Dmitry Khanin

    (Nazarbayev University)

  • Atanu Rakshit

    (Nazarbayev University)

  • Raj V. Mahto

    (The University of New Mexico)

  • William C. McDowell

    (Bradley University)

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.

Suggested Citation

  • Dmitry Khanin & Atanu Rakshit & Raj V. Mahto & William C. McDowell, 2020. "An Ongoing race: family CEOs vs. non-family CEOs," International Entrepreneurship and Management Journal, Springer, vol. 16(3), pages 1043-1063, September.
    • Handle: RePEc:spr:intemj:v:16:y:2020:i:3:d:10.1007_s11365-019-00602-8
    DOI: 10.1007/s11365-019-00602-8
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    References listed on IDEAS

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    Cited by:

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    3. Marinko Škare & Małgorzata Porada-Rochoń, 2021. "Measuring the impact of financial cycles on family firms: how to prepare for crisis?," International Entrepreneurship and Management Journal, Springer, vol. 17(3), pages 1111-1130, September.

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