CEO SELECTION DECISION IN VIETNAMESE FAMILY-OWNED BUSINESSES

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

CEO SELECTION DECISION IN VIETNAMESE FAMILY-OWNED BUSINESSES

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

CEO SELECTION DECISION IN VIETNAMESE FAMILY-OWNED BUSINESSES

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 5th International Conference on Finance and Economics

ISBN

978-80-7454-767-6

ISSN

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e-ISSN

neuvedeno

Počet stran výsledku

17

Strana od-do

173-190

Název nakladatele

Fakulta managementu a ekonomiky, UTB ve Zlíně

Místo vydání

Zlín

Místo konání akce

Ho Chi Minh City

Datum konání akce

20. 9. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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