Ansari, Iram Fatima; Goergen, Marc; Mira, Svetlana - In: Journal of Corporate Finance 28 (2014) C, pp. 6-25
This paper studies the factors that influence the CEO succession decision in family firms whose incumbent CEO is a member of the controlling family. The sample includes all such firms from France, Germany and the UK. We propose a new measure of directors' independence, which adjusts for various...