Career Dynamics in Family and Non-Family Firms: An Optimal Matching Analysis

Babson College Entrepreneurship Research Conference (BCERC) 2008

Frontiers of Entrepreneurship Research 2008

17 Pages Posted: 5 Mar 2009

See all articles by Carlo Salvato

Carlo Salvato

Bocconi University - Department of Management and Technology

Alessandro Minichilli

Bocconi University - Department of Management and Technology

Raffaella Piccarreta

Bocconi University - Department of Decision Sciences

Abstract

This article examines the objective facets of CEO careers in family and non-family firms. Optimal matching analysis coupled with cluster analysis are used to show how careers are shaped by different factors in family and non-family firms. We have three central empirical concerns. First, are there distinct patterned trajectories in careers leading to the CEO position in family firms? Second, what is the impact of structural variables such as firm size, ownership structure, geographical location on career prospects? Third, are there functions or mobility patterns that can clear the route to the executive suite in family firms? Our analysis suggests which career patterns are more likely to be conducive of the promotion to the CEO role in family, vs. non-family firms. They suggest that family firms do not conform to the stereotype of promoting only family-related managers following a career within operational functions. Our results have implications for the literature on family firms management and entrepreneurial behavior.

Keywords: Entrepreneurship

JEL Classification: M13

Suggested Citation

Salvato, Carlo and Minichilli, Alessandro and Piccarreta, Raffaella, Career Dynamics in Family and Non-Family Firms: An Optimal Matching Analysis. Babson College Entrepreneurship Research Conference (BCERC) 2008, Frontiers of Entrepreneurship Research 2008, Available at SSRN: https://ssrn.com/abstract=1348212

Carlo Salvato (Contact Author)

Bocconi University - Department of Management and Technology ( email )

Via Roentgen 1
Milan, MI 20136
Italy

Alessandro Minichilli

Bocconi University - Department of Management and Technology ( email )

Via Roentgen 1
Milan, MI 20136
Italy

Raffaella Piccarreta

Bocconi University - Department of Decision Sciences ( email )

Via Roentgen 1
Milan, 20136
Italy

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