The paper “Male CEOs' Perspectives on Women's Inclusion, Succession, and Perceived Future Performance in Family Firms in Times of Multiple Crises” received the Family Business Best Paper Award at the International Research Meeting in Business and Management (IRMBAM 2025), sponsored by the STEP Project Global Consortium, directed by Professor Andrea Calabrò.
Drawing on Upper Echelons Theory, the study is based on a survey of 314 male CEOs of Lebanese family firms and examines how the legitimacy of female successors is cognitively constructed during succession processes.
The findings show that the perceived power of the female successor is the main determinant of expected future firm performance, while declared beliefs supporting women’s inclusion play a more limited role in the evaluation of succession.