Caselli, Stefano; Giuli, Alberta Di - In: The European Journal of Finance 16 (2010) 5, pp. 381-411
Using data from 708 small and medium Italian firms during the period of 2002-2004, we find that in family firms (FFs) a nonfamily Chief Financial Officer (CFO) drives firm performance in a positive direction. FFs with a nonfamily CFO perform better than both FFs with a family CFO and nonfamily...