Impact of CEO's personality on family firm's decision making and behaviour (R-13399)

Family businesses are the backbone of the economy. Understanding their operation is therefore of great social importance. However, family firms are very heterogeneous in themselves, and for research it is therefore important to include this heterogeneity. Until now, however, this heterogeneity has been studied mainly at the firm level, looking at, among other things, the proportion of family shareholders and managers, generation, etc. However, it is becoming clear that there is also considerable heterogeneity in the individuals who run family firms (i.e. the CEOs). Again, some of this heterogeneity has been accounted for in the literature by looking at factors such as CEO type (family or non-family), CEO age, education, experience, etc. However, decisions are driven not only by knowledge and experience, but mostly also by emotions and psychological traits, and at this level, hardly any research has been conducted within the context of family businesses. Therefore, in this research, the Myers-Briggs personality categories will be linked to, among other things, tax aggressiveness, firm performance and audit risk.

Keywords:Family businesses

Disciplines:Accounting and auditing, Micro-based behavioural economics