Succession planning in family firms: family governance practices, board of directors, and emotions

被引：48

作者：

Umans, Ine ^{[1
]}

Lybaert, Nadine ^{[1
,2
]}

Steijvers, Tensie ^{[1
]}

Voordeckers, Wim ^{[1
]}

机构：

[1] Hasselt Univ, Res Ctr Entrepreneurship & Family Firms RCEF, B-3590 Diepenbeek, Belgium

[2] Univ Antwerp, Prinsstr 13, B-2000 Antwerp, Belgium

来源：

SMALL BUSINESS ECONOMICS | 2020年 / 54卷 / 01期

关键词：

Family firms; Succession planning; Family governance practices; Board of directors; Emotions; SOCIOEMOTIONAL WEALTH; SELF-REGULATION; BUSINESS; PERFORMANCE; CEO; DIMENSIONS; LEADERSHIP; AGENCY; GOALS; PLANS;

D O I：

10.1007/s11187-018-0078-5

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study builds on implementation intention theory to indicate that both business and family governance practices influence the succession planning process in family firms. In addition, this study draws on goal adjustment theory to explore whether the family CEO's emotions, being his or her inability to let go of the family firm, hamper the governance decisions of the board of directors concerning that succession planning process. Applying a moderated mediation analysis on a sample of 225 family firms, results show that board involvement in the succession process mediates the positive relationship between the use of family governance practices and the level of succession planning. In addition, the family CEO's inability to let go negatively moderates this mediating relationship which signifies that emotions influence governance outcomes in family firms.

引用

页码：189 / 207

页数：19

共 50 条

[31] Tax Aggressive Behaviour in Private Family Firms - the Effect of the CEO and Board of Directors
Steijvers, Tensie
Niskanen, Mervi
PROCEEDINGS OF THE 7TH EUROPEAN CONFERENCE ON MANAGEMENT LEADERSHIP AND GOVERNANCE, 2011, : 379 - 386
[32] Family and non-family women on the board of directors: Effects on corporate citizenship behavior in family-controlled fashion firms
Campopiano, Giovanna
Rinaldi, Francesca Romana
Sciascia, Salvatore
De Massis, Alfredo
JOURNAL OF CLEANER PRODUCTION, 2019, 214 : 41 - 51
[33] The Role of Dividends, Debt and Board Structure in the Governance of Family Controlled Firms
Setia-Atmaja, Lukas
Tanewski, George A.
Skully, Michael
JOURNAL OF BUSINESS FINANCE & ACCOUNTING, 2009, 36 (7-8) : 863 - 898
[34] Family nonexecutive directors, professional managers, and investment in family firms
Wang, Shengbin
Jin, Junheng
Li, Haoze
FINANCE RESEARCH LETTERS, 2023, 58
[35] Governance Mechanisms and Family Firms
Chrisman, James J.
Chua, Jess H.
Le Breton-Miller, Isabelle
Miller, Danny
Steier, Lloyd P.
ENTREPRENEURSHIP THEORY AND PRACTICE, 2018, 42 (02) : 171 - 186
[36] SUCCESSION OF GENERATIONS IN SMALL FAMILY FIRMS
JENTOFT, S
TIDSSKRIFT FOR SAMFUNNSFORSKNING, 1979, 20 (02): : 114 - 131
[37] Family involvement in board of directors and market valuation: evidence from Egyptian listed firms
Moussa, Amr Ahmed
AFRICAN JOURNAL OF ECONOMIC AND MANAGEMENT STUDIES, 2025,
[38] Succession in Asian family firms.
Ram, Monder
INTERNATIONAL SMALL BUSINESS JOURNAL, 2006, 24 (04) : 428 - 430
[39] Strategic and business planning practices of fast growth family firms
Upton, N
Teal, EJ
Felan, JT
JOURNAL OF SMALL BUSINESS MANAGEMENT, 2001, 39 (01) : 60 - 72
[40] Firm family firms: Current debates of corporate governance in family firms
Aguilera, Ruth V.
Crespi-Cladera, Rafel
JOURNAL OF FAMILY BUSINESS STRATEGY, 2012, 3 (02) : 66 - 69

← 1 2 3 4 5 →