Ifm article accepted for presentation at European Academy of Management Annual Conference 2015 (EURAM 2015), Warsaw (Poland)


The article "Heores of the Green Room - Corporate Restructuring and Post-Successions Enterprise Performace" by Jan-Philipp Ahrens and Michael Woywode was accepted for presentation at the European Academy of Management Annual Meeting 2015 during June 17th to 20th in the Family Business Research tracks.

The conference is competitive, received close to 1400 submissions and is one of the key arenas in the European family business research community. In 2013 ifm article "Nepotism - CEO Succession, Ownership, and Firm Performance" was awarded the EURAM 2013 Best Article Award in the Family Business Research Field.

This years EURAM-conference article of the ifm analyzes corporate changes and enterprise performance during CEO successions in family firms. The article was awarded the Best Unpublished Research Award 2014 of the FFI (Family Firm Institute, the publisher of the Family Business Review). 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.

For further information or download-requests regarding the article, it is referred to: www.researchgate.net/profile/Jan-Philipp_Ahrens

22.04.15

 

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