When does transitioning from family to professional management improve firm performance?

Cited 50 time in webofscience Cited 0 time in scopus
  • Hit : 530
  • Download : 0
DC FieldValueLanguage
dc.contributor.authorChang, Sea-Jinko
dc.contributor.authorShim, Jungwookko
dc.date.accessioned2015-11-20T07:19:28Z-
dc.date.available2015-11-20T07:19:28Z-
dc.date.created2015-08-10-
dc.date.created2015-08-10-
dc.date.issued2015-09-
dc.identifier.citationSTRATEGIC MANAGEMENT JOURNAL, v.36, no.9, pp.1297 - 1316-
dc.identifier.issn0143-2095-
dc.identifier.urihttp://hdl.handle.net/10203/200609-
dc.description.abstractUsing long-term data on Japanese family firms, this study explores when the transition from family to professional management leads to better performance. In order to avoid endogeneity bias, we employ propensity score matching and difference-in-differences techniques. We find evidence that firms that transition from family to professional CEOs outperform those that maintain family leadership. This performance improvement is more pronounced when (1) families maintain high ownership control but leave no family legacy behind, (2) when the transition moves from non-founder family managers to professionals, and (3) when professional managers graduated from elite universities.-
dc.languageEnglish-
dc.publisherWILEY-BLACKWELL-
dc.subjectWESTERN-EUROPEAN CORPORATIONS-
dc.subjectBEHAVIORAL AGENCY MODEL-
dc.subjectSOCIOEMOTIONAL WEALTH-
dc.subjectEXECUTIVE SUCCESSION-
dc.subjectCEO CHARACTERISTICS-
dc.subjectPROPENSITY SCORE-
dc.subjectUNITED-STATES-
dc.subjectFOUNDER-CEOS-
dc.subjectOWNERSHIP-
dc.subjectCONSEQUENCES-
dc.titleWhen does transitioning from family to professional management improve firm performance?-
dc.typeArticle-
dc.identifier.wosid000358018000002-
dc.identifier.scopusid2-s2.0-84947025524-
dc.type.rimsART-
dc.citation.volume36-
dc.citation.issue9-
dc.citation.beginningpage1297-
dc.citation.endingpage1316-
dc.citation.publicationnameSTRATEGIC MANAGEMENT JOURNAL-
dc.identifier.doi10.1002/smj.2289-
dc.contributor.localauthorChang, Sea-Jin-
dc.contributor.nonIdAuthorShim, Jungwook-
dc.type.journalArticleArticle-
dc.subject.keywordAuthorCEO succession-
dc.subject.keywordAuthorfamily business-
dc.subject.keywordAuthorbehavioral agency model-
dc.subject.keywordAuthorprofessionalization-
dc.subject.keywordAuthorperformance-
dc.subject.keywordPlusWESTERN-EUROPEAN CORPORATIONS-
dc.subject.keywordPlusBEHAVIORAL AGENCY MODEL-
dc.subject.keywordPlusSOCIOEMOTIONAL WEALTH-
dc.subject.keywordPlusEXECUTIVE SUCCESSION-
dc.subject.keywordPlusCEO CHARACTERISTICS-
dc.subject.keywordPlusPROPENSITY SCORE-
dc.subject.keywordPlusUNITED-STATES-
dc.subject.keywordPlusFOUNDER-CEOS-
dc.subject.keywordPlusOWNERSHIP-
dc.subject.keywordPlusCONSEQUENCES-
Appears in Collection
MT-Journal Papers(저널논문)
Files in This Item
There are no files associated with this item.
This item is cited by other documents in WoS
⊙ Detail Information in WoSⓡ Click to see webofscience_button
⊙ Cited 50 items in WoS Click to see citing articles in records_button

qr_code

  • mendeley

    citeulike


rss_1.0 rss_2.0 atom_1.0