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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/11288

Title: Family business succession and the impact of CEO experience on the growth of small family firms
Authors: LIMERE, Arthur
Issue Date: 2010
Publisher: Inderscience Enterprises Ltd.
Citation: International Journal Entrepreneurship and Small Business, 11(3). p. 242-262
Abstract: The studies on the relationship between the depth of the entrepreneur's experience and firm growth shows inconsistent and inconclusive results. A comprehensive understanding of this matter is especially valuable in the context of family business successions, given that many companies seem to be unsuccessful in conquering the difficulties surrounding a succession. The reason is the fact that successors often lack experience when taking over the company. Based on a sample of 511 small family firms, our results suggest a positive and curvilinear effect of CEO experience on firm performance. Experience is contributive to the growth in value added up to a certain number of years that the CEO is in a CEO position, after which it becomes counterproductive. Firms with CEOs currently holding multiple directorships are also found to generate significantly higher performance levels and that growth rates appear to lessen according to the age of the CEO.
URI: http://hdl.handle.net/1942/11288
DOI: 10.1504/IJESB.2010.035817
ISSN: 1476-1297
Category: A1
Type: Journal Contribution
Validation: vabb, 2011
Appears in Collections: Research publications

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