CEO SELECTION DECISION IN VIETNAMESE FAMILY-OWNED BUSINESSES

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F18%3A63520600" target="_blank" >RIV/70883521:28120/18:63520600 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
CEO SELECTION DECISION IN VIETNAMESE FAMILY-OWNED BUSINESSES
Original language description
Family firms are the most prevalent type of firm in the world and account for a large proportion of the economic activity and employment, especially in developing countries. The debates on having a family or non-family chief executive officer (CEO) to manage family-owned business has become one of the considerable topics in family business research but there is only little research that actually conducted in Vietnam. Hence, this paper examines the relationship between the selection of family and non-family CEO with company performance. The data sample is composed of 60 Vietnamese family companies in 10 industries from 2012-2017. The results indicate that there is a positive correlation between family CEO and company performance. Within the family company, the company value is maintained better by CEO founder than CEO successor. However, the young CEO may provide better management to family companies than founders because of their education, network across politics and businesses. Strong family cultures, high sense of family belongings and political benefits are the factors influence the choice of having family CEO rather non-family CEO within family companies. The research can contribute to CEO succession research and family-business research in emerging economies.
Czech name
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Czech description
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Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 5th International Conference on Finance and Economics
ISBN
978-80-7454-767-6
ISSN
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e-ISSN
neuvedeno
Number of pages
17
Pages from-to
173-190
Publisher name
Fakulta managementu a ekonomiky, UTB ve Zlíně
Place of publication
Zlín
Event location
Ho Chi Minh City
Event date
Sep 20, 2018
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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