This paper identifies the CEO characteristics that have an impact on the performance of family businesses listed in the Euronext in the post-COVID 19 period. CEO characteristics are evaluated on two dimensions, i.e., personal characteristics and corporate governance mechanisms. A sample of 137 firm-year observations from Portugal, Luxembourg, the Netherlands, Ireland, France, and Belgium was chosen. CEO attributes of age, gender, education, and family membership were combined with corporate governance mechanisms of ownership concentration, CEO duality, CEO directorships, and CEO tenure, to predict return on assets and return on equity, using OLS regression. GMM estimation and Two-Stage Least Squares were employed to establish the robustness of the results. Among CEO personal characteristics, CEO family membership has a positive impact on return on assets, and a positive impact on return on equity. Among corporate governance mechanisms, CEO duality had a negative impact on return on assets, and a negative impact on return on equity. CEO ownership, and CEO tenure had a positive impact on return on assets, and a positive impact on return on equity. This paper’s value lies in its evaluation of the under-researched area of family businesses of Euronext-listed firms. It can be used by family businesses in the region, for the selection and training of CEOs to fulfill the goal of achieving superior financial performance.

中文翻译：

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CEO特征对泛欧交易所上市家族企业财务绩效的影响

本文确定了在后 COVID 19 时期对泛欧交易所上市家族企业业绩有影响的首席执行官特征。 CEO特质从个人特质和公司治理机制两个维度进行评价。选择了来自葡萄牙、卢森堡、荷兰、爱尔兰、法国和比利时的 137 个公司年观察样本。将CEO的年龄、性别、教育程度和家庭成员属性与股权集中度、CEO双重性、CEO董事职位和CEO任期等公司治理机制相结合，利用OLS回归来预测资产回报率和股本回报率。采用 GMM 估计和两阶段最小二乘法来确定结果的稳健性。在CEO个人特征中，CEO家族成员身份对资产回报率有正向影响，对股本回报率也有正向影响。公司治理机制中，CEO双重性对资产回报率产生负面影响，对股本回报率产生负面影响。 CEO所有权和CEO任期对资产回报率和股本回报率产生积极影响。本文的价值在于对泛欧交易所上市公司家族企业研究不足的领域进行了评估。该地区的家族企业可以使用它来选拔和培训首席执行官，以实现卓越财务绩效的目标。