ACN Business

Should family members be in charge of family businesses? We analyzed 175 studies to understand when having a family CEO pays off

Written by Vitaliy Skorodziyevskiy, Assistant Professor of Management and Entrepreneurship, University of Louisville

From Hermes to Smuckers to the fictional Waystar Royco of HBO’s “Succession,” family businesses often choose their CEOs from the ranks of kin. But is this a good business decision? As researchers who study entrepreneurship and management, we wanted to know whether keeping leadership in the family pays off for businesses. So we...

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