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External Partners Alumni Search Submit Return to home Search Search About About Olin Home Why Olin Equity, Diversity & Inclusion Leadership & Strategy News & Media Events Contact Us Programs Programs Home Explore Our Programs BS in Business Administration MBAs Specialized Master's Doctoral Executive Education Dual Degrees Faculty & Research Faculty & Research Home Faculty Directory Research Research Centers Olin Brookings Commission Olin Award Student Resources Student Resources Home Career Services Center for Experiential Learning Entrepreneurship Academic Calendars Student Organizations For Current Students For Military Veterans Admissions Admissions Home Scholarships & Aid Attend Program Events Visit Olin Ask a Student Student Profiles Request Information Refer a Candidate External Partners Alumni Koch Center research looks at turnover and firm performance among family CEOs August 28, 2020 By WashU Olin Business School 1 minute read CEOs in family business have a tough time passing the baton, research shows. Home News Koch Center research looks at turnover and firm performance among family CEOs Family members who are CEOs of their family business remain in the role longer and are rarely forced out. That&＃8217;s one finding in a newly released research brief from the Koch Center for Family Business, &＃8220;Family CEOs, Turnover, and Firm Performance.&＃8221; The brief was co-written by Koch Center Director&＃160;Barton H. Hamilton, Professor&＃160;Andres Hincapie&＃160;(UNC), and research fellows Simone Hanna and Noah Lyman. The brief details the following findings regarding the turnover and performance of CEOs in family businesses: CEO performance has a signicant impact on the likelihood of forced turnover. Family CEO successors remain CEO for longer and are almost never forced out. Insiders (both family and non-family) tend to be appointed in more profitable companies than outsiders. Insider CEOs appear to outperform outsiders as a result. Family insiders are younger and have more experience in the firm at time of appointment than unrelated insiders. Founders are more likely to be forcibly removed from office by year two than any other CEO type. Find more research and resources on family business and succession at the&＃160;Koch Center site. About the Author WashU Olin Business School Firmly established at the Gateway to the West, Olin Business School at Washington University in St. Louis stands as the gateway to something far grander in scale. The education we deliver prepares our students to thoughtfully make difficult decisions—the kind that can change the world. Contact Us For assistance in finding faculty experts, please contact Washington University Public Affairs. Monday&＃8211;Friday, 8:30 to 5 p.m. Sara Savat, Senior News Director, Business and Social [email protected] &＃160; Kurt Greenbaum,Communications [email protected] Twitter: WUSTLnews Share article Apply Now Visit Us Request Info One Brookings Drive, St. Louis, MO 63130-4899 [email protected] 314-935-7301 News & Media Events Faculty Directory WashU Center for Career Engagement Washington University home Olin Links Sitemap Privacy Policies Title IX Accessibility ©2024 Washington University in St. Louis