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Library/Succession, ownership transfer and family business

B16FT50

Back to the future: The effect of returning family successions on firm performance

Amore, M. D., Bennedsen, M., Le Breton-Miller, I., & Miller, D. (2021)

Strategic Management Journal, 42(8), 1432-1458

489 Italian family firms losing a non-family CEO; difference-in-differences. Returning to a family CEO yields an 18% profitability advantage, weaker in volatile and innovation-reliant contexts.

Sourcedoi:10.1002/smj.327378 citations (OpenAlex)

Full citation

Amore, M. D., Bennedsen, M., Le Breton-Miller, I., & Miller, D. (2021). Back to the future: The effect of returning family successions on firm performance. Strategic Management Journal, 42(8), 1432-1458.

https://doi.org/10.1002/smj.3273

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