Incumbent decisions about succession transitions in family firms: A conceptual model

Artikel

In the family business literature, succession research has focused on the family member as they enter the leadership role or on the different issues that affect the succession process. Although researchers have acknowledged that succession in family businesses is "punctuated" by decision making events, less attention has been given to understanding how incumbents make decisions about ownership and management transitions. In an effort to continue to understand the succession process it is important to understand how incumbents make decisions about the type of transitions they intend to engage in (i.e., intra-family succession, out of family succession, or no succession). Building on the theory of planned behavior and the socioemotional wealth framework (SEW), this manuscript presents a conceptual framework to understand the factors that influence succession transitions and the role that contextual factors can play in this decision-making process. We present theory driven propositions and discuss the implications for understanding and evaluation of the succession process.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: International Journal of Financial Studies ; ISSN: 2227-7072 ; Volume: 2 ; Year: 2014 ; Issue: 4 ; Pages: 335-358 ; Basel: MDPI

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: decision-making ; ownership transition ; management transition ; succession intent ; succession in family firms ; theory of reasoned action

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Boyd, Britta ; Botero, Isabel C. ; Fediuk, Tomasz A.
• Ereignis: Veröffentlichung
• (wer): MDPI
• (wo): Basel
• (wann): 2014

Weitere Informationen

• DOI: doi:10.3390/ijfs2040335
• Handle: http://hdl.handle.net/10419/167769
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ