In an increasingly competitive market environment, as an important decision for strategic change, CEO succession is a key step to driving sustainable development. The formulation of succession plans and how to improve the effectiveness of internal promotion mechanisms have been researched topics...

This paper investigates the effect of CEO succession on the performance of family firms characterized by collegial leadership and the moderating role of the Family CEO, of the board of directors and by the size of the firm. The empirical analysis, carried out on a sample of Italian family firms...

CEO succession at many companies occurs in a black box. Shareholders are not privy to boardroom discussions prior to the announcement of a CEO departure, and press releases announcing the change contain boilerplate language that does not make it clear whether the CEO stepped down voluntary or...