Abstract

This study examines the relationship between the choices of family or outside CEO with company performance. The sample of this study covered 65 Vietnamese family companies in 17 industries. The findings indicate, as anticipated, that family CEO enhanced company performance greater than outside CEO. Within the family company, CEO-successor enhanced the firm value lower than the CEO-founder. Contacts with the business environment, education, experience and sufficient business capital may provide young CEOs with values added to better manage family companies than founders.

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