CEO founder status and firm financial performance

Narayanan Jayaraman, Ajay Khorana, Edward Nelling and Jeffrey Covin

Strategic Management Journal, 2000, vol. 21, issue 12, 1215-1224

Abstract: Founders create their organizations, yet are often expected to eventually become liabilities to these same organizations. Past empirical research on the relationship between CEO founder status (i.e., is the CEO also the founder?) and firm performance has yielded inconsistent results. This study of 94 founder‐ and nonfounder‐managed firms finds that founder management has no main effect on stock returns over a 3‐year holding period, but that firm size and firm age moderate the CEO founder status–firm performance relationship. Copyright © 2000 John Wiley & Sons, Ltd.

Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (56)

Downloads: (external link)
https://doi.org/10.1002/1097-0266(200012)21:123.0.CO;2-0

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:stratm:v:21:y:2000:i:12:p:1215-1224

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0143-2095

Access Statistics for this article

More articles in Strategic Management Journal from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().