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| Tekijä: | Caselli, S. Giuli, A.D. |
| Otsikko: | Does the CFO matter in family firms? Evidence from Italy |
| Lehti: | European Journal of Finance
2010 : JUL-SEP, VOL. 16:5-6, p. 381-411 |
| Asiasana: | small business family firms Italy models |
| Vapaa asiasana: | CFO CEO |
| Kieli: | eng |
| Tiivistelmä: | Based on data from 708 small and medium Italian firms during the period of 2002-2004. It is found that in family firms (FFs) a nonfamily Chief Financial Officer (CFO) drives firm performance in a positive direction. FFs with a nonfamily CFO perform better than both FFs with a family CFO and nonfamily firms. The best performance is achieved when the Chief Executive Officer (CEO) is a family member and the CFO is an outsider (nonfamily). An examination of FFs across generations shows that a nonfamily CFO has always a positive effect on firm performance. |
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