Francisco Perez-Gonzalez

TL;DR: In this article, the role of family characteristics in corporate decision making and the consequences of these decisions on firm performance was investigated, and it was shown that a departing CEO's family characteristics have a strong predictive power in explaining CEO succession decisions: family CEOs are more frequently selected the larger the size of the family, the higher ratio of male children and when the departing CEOs had only had one spouse.

TL;DR: The authors examined the impact of inherited control on firms' performance and found that firms where incoming CEOs are related to the departing CEO, to a founder, or to a large shareholder by either blood or marriage underperform in terms of operating profitability and market-to-book ratios, relative to firms that promote unrelated CEOs.

TL;DR: In this article, the authors investigate the impact of family characteristics in corporate decision making, and the consequences of these decisions on firm performance, and find that family successions have a large negative causal impact on firms' performance.

TL;DR: In this paper, the authors investigate the impact of family characteristics in corporate decision making and the consequences of these decisions on firm performance, and find that family successions have a large negative causal impact on the firm performance.

TL;DR: In this article, the authors assess the consequences of managerial deaths on firm operating performance, investment rates, and sales growth, and find that CEO deaths are strongly correlated with declines in firm operating profitability, asset growth and salesgrowth.