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Please use this identifier to cite or link to this item:
http://ir.ncue.edu.tw/ir/handle/987654321/1823
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| Title: | A Family Member or Professional Management? The Choice of a CEO and Its Impact on Performance |
| Authors: | Lin, Shu-hui;Hu, Shing-yang |
| Contributors: | 商業教育學系 |
| Date: | 2007
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| Issue Date: | 2010-11-15T06:43:53Z
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| Abstract: | In this study, we explore what kinds of family firms are more likely to have a family CEO or professional CEO, and investigate the performance of CEOs from different backgrounds. The results show that firms with low requirements in managerial skills and a high potential for expropriation are more likely to choose a CEO from the controlling family (nepotism). Our investigation, furthermore, shows that when a firm requires high managerial skills, using a professional CEO can help firm performance, especially if the family has low cash-flow rights and weak control. When there is large opportunity for expropriation in a family firm, the firm's performance will be better if the CEO is a family member and the family has highly persuasive cash-flow rights. |
| Relation: | Corporate Governance: An International Review, 15(6):1348-1362(DOI: 10.1111/j.1467-8683.2007.00650.x) |
| Appears in Collections: | [商業教育學系] 期刊論文
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