Episode 85 – Bruce Hearn – Private equity and entrepreneurial investments: understanding the determinants of founder-CEO succession in the Caribbean
Our study develops a contextually embedded institution-theoretic model of the major influences precipitating entrepreneurial founders’ leadership succession. Drawing on a unique sample of 184 listed firms from 10 national securities markets across the Caribbean region, we find that both business group (BG) and private equity (PE) ownership are associated with an increased likelihood of founder…
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