CEO tenure and entrepreneurial orientation within family versus nonfamily firms
Department
Management and Entrepreneurship
Document Type
Article
Publication Date
2-9-2015
Abstract
The current research investigates how entrepreneurial orientation changes during a chief executive officer (CEO)'s tenure in family and nonfamily firms. Based on secondary data collected from 210 firms representing five industries, the results show an inverse U-shaped relationship between CEO tenure and entrepreneurial orientation, consistent with the executive life cycle literature. Moreover, in family firms the shape of the inverse U is less pronounced and the level of entrepreneurial orientation peaks considerably later in the CEO's tenure when compared with nonfamily firms.
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