"Heroes of the Green Room - Post-Succession Restructuring and Corporate Performance in Family Firms" invited for presentation in Philadelphia (USA), August 1st-5th 2014.
The 2014 Academy of Management Annual Meeting is the premier conference for more than 10,000 students, academics, scholars, and professionals in the scholarly management and organization space. The 74th Annual Meeting of the Academy of Management will be held August 1-5, 2014, in Philadelphia, Pennsylvania, USA.
Since its beginning in 1936, the Academy of Management has evolved from an organization of 10 members to an organization of over 19,000 members from nearly 120 nations. It publishes five journals: the Academy of Management Annals, Academy of Management Learning and Education (AMLE), Academy of Management Journal (AMJ), Academy of Management Review (AMR); Academy of Management Perspectives (AMP) - formerly the Academy of Management Executive (AME).
Today, the Academy's 25 professional divisions and interest groups promote excellence in established management disciplines. The article "Heroes of the Green Room - Post-Succession Restructuring and Corporate Performance in Family Firms" by Jan-Philipp Ahrens and Michael Woywode will be presented in the AoM Entrepreneurship Division in a session chaired by Jan-Philipp called "Successions in Family Firms".
The article analyzes corporate changes and enterprise performance during CEO successions in family firms. Its key findings are that high human capital successors implement more changes when compared to low human capital successors. In addition, an enterprise external origin of the successor and a male gender are positively linked to the amount of changes. Furthermore, the amount of observed changes seems to be subject to the economic contingency and is highest in CEO successions in turnaround situations.
Jan-Philipp and Michael find that the sum of managerial actions is positively related to enterprise performance. The interpretation of the authors is that improvement potentials accumulated in pre-succession periods due to "stale-in-the-saddle effects" and the "icarus paradox" (Danny Miller) which can in a succession be salvaged by adaptive corporate changes. In particular reviews of existing supplier relations, the product portfolio, and the compensation scheme were found to be significantly positively related to enhanced performance.
