How do CEOs see their Role? Management Philosophy and Styles in Family and Non-Family Firms

Abstract

Using a survey of 800 CEOs in 22 emerging economies we show that CEOs' management styles and philosophy vary with the control rights and involvement of the owning family and founder: CEOs of firms with greater family involvement have more hierarchical management, and feel more accountable to stakeholders such as employees and banks than they do to shareholders.They also see their role as maintaining the status quo rather than bringing about change.In contrast, professional CEOs of non-family firms display a more textbook approach of shareholder-value-maximization.Finally, we find a continuum of leadership arrangements in how intensively family members are involved in management.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 15 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.