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首页> 外文期刊>International Journal of Entrepreneurship & Small Business >Family business succession and the impact of CEO experience on the growth of small family firms
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Family business succession and the impact of CEO experience on the growth of small family firms

机译：家族企业接班以及首席执行官经验对小型家族企业成长的影响

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摘要

The studies on the relationship between the depth of the entrepreneur's experience and firm growth shows inconsistent and inconclusive results. A comprehensive understanding of this matter is especially valuable in the context of family business successions, given that many companies seem to be unsuccessful in conquering the difficulties surrounding a succession. The reason is the fact that successors often lack experience when taking over the company. Based on a sample of 511 small family firms, our results suggest a positive and curvilinear effect of CEO experience on firm performance. Experience is contributive to the growth in value added up to a certain number of years that the CEO is in a CEO position, after which it becomes counterproductive. Firms with CEOs currently holding multiple directorships are also found to generate significantly higher performance levels and that growth rates appear to lessen according to the age of the CEO.
机译：关于企业家经验的深度与公司成长之间的关系的研究显示出不一致和不确定的结果。鉴于许多公司似乎未能成功克服接班人的困难，因此在家族企业接班人的背景下，对此事的全面理解特别有价值。原因是接班人在接管公司时常常缺乏经验。基于511家小型家族企业的样本，我们的结果表明CEO经验对企业绩效的积极和曲线作用。在首席执行官担任首席执行官一职的若干年中，经验有助于增加价值，此后就会适得其反。还发现拥有CEO的公司目前拥有多个董事职位，其绩效水平显着提高，并且随着CEO年龄的增长，增长率似乎会降低。

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