CEO Successions in Family Firms: Should Predecessors Stay Active or Cultivate Roses?
Prof. Dr. Michael Woywode of Mannheim University will hold the opening lecture of this winter semester’s “Rigor & Relevance” Lecture Series. Prof. Woywode is chair holder of the “Lehrstuhls für Mittelstandsforschung und Entrepreneurship” and leader of the “ifM Institut für Mittelstandsforschung” at Mannheim University.
On the 16th of October 2013 Prof. Woywode will speak about the topic “CEO Successions in Family Firms: Should Predecessors Stay Active or Cultivate Roses?” Employing a unique data set on CEO successions, he analyzes the circumstances under which departing CEOs stay active within their enterprise subsequent to a CEO succession and highlight enterprise performance implications. He finds that the likelihood of predecessor activity is increased by family succession, nepotism and tacit knowledge, but reduced by the successor’s human capital, successor’s ownership and corporate age. The performance impact of prolonged predecessor activity is positive for successors with low human capital, but turns negative with increased successor human capital. This negative impact is amplified by the degree of influence of the preceding CEO.
The lecture will be held in English and starts at 6 pm. in room 1.151 at Witten/Herdecke University. Admission is free.
Please find further information about the lecture in our event section.