African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4138

Article in Press

Family CEO and company performance during the COVID-19crisis: the case of Cameroon

LĂ©opold Djoutsa Wamba

  •  Received: 10 June 2021
  •  Accepted: 14 September 2021
This study analyses the resilience of family businesses in a developing country like Cameroon during the covid-19 crisis by applying measures of association, regression analysis, and comparison tests to data collected by administering a questionnaire on a panel of 280 companies of which 196 are family businesses and 84 non-family businesses. The results show that throughout the pandemic period, family companies are more resilient in terms of financial and social performance relative to non-family businesses. We also find that among family businesses, the most successful are those with a family member as CEO or those whose management is dominated by the family controlling the firm. The results extend former research by showing that family leadership is a form of management that can provide responses to unexpected events that affect the company.

Keywords: Family leadership, social performance, financial performance, COVID-19 crisis, family businesses.