Why do family firms dismiss their family CEOs? A perspective on kinship ties.

Existing studies have suggested that nonfamily CEOs are more likely to be fired from family firms, while we focus on why family CEOs are also fired from family firms. Using data from 455 listed Chinese family firms, we find that family CEOs with affinity ties are more likely to be dismissed as they...

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Bibliographic Details
Main Authors: Xiaodong Yu, Shize Sun, Xirong Cheng, Yize Lin, Huan Li
Format: Article
Language:English
Published: Public Library of Science (PLoS) 2023-01-01
Series:PLoS ONE
Online Access:https://doi.org/10.1371/journal.pone.0285029