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

被引：0
|
作者：
Ine Umans
Nadine Lybaert
Tensie Steijvers
Wim Voordeckers
机构：
[1] Hasselt University,Research Center for Entrepreneurship and Family Firms (RCEF)
[2] University of Antwerp,undefined
来源：
Small Business Economics | 2020年 / 54卷
关键词：
Family firms; Succession planning; Family governance practices; Board of directors; Emotions; C31; G30; M10; L26;
D O I：
暂无
中图分类号：
学科分类号：
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
收藏
页码：189 / 207
页数：18
相关论文
共 50 条
  • [1] Succession planning in family firms: family governance practices, board of directors, and emotions
    Umans, Ine
    Lybaert, Nadine
    Steijvers, Tensie
    Voordeckers, Wim
    SMALL BUSINESS ECONOMICS, 2020, 54 (01) : 189 - 207
  • [2] The influence of corporate governance on succession planning and organizational performance in Chinese family firms
    Li, Zeyu
    Mustapha, Mazlina
    Hassan, Ahmad Fahmi Sheikh
    Saidin, Saidatunur Fauzi
    MANAGEMENT DECISION, 2024,
  • [3] Board of directors characteristics and performance in family firms and under the crisis
    Vieira, Elisabete Simoes
    CORPORATE GOVERNANCE-THE INTERNATIONAL JOURNAL OF BUSINESS IN SOCIETY, 2018, 18 (01): : 119 - 142
  • [4] Dividends and family governance practices in private family firms
    Anneleen Michiels
    Wim Voordeckers
    Nadine Lybaert
    Tensie Steijvers
    Small Business Economics, 2015, 44 : 299 - 314
  • [5] Dividends and family governance practices in private family firms
    Michiels, Anneleen
    Voordeckers, Wim
    Lybaert, Nadine
    Steijvers, Tensie
    SMALL BUSINESS ECONOMICS, 2015, 44 (02) : 299 - 314
  • [6] Succession Planning in Family Firms: Emotional Struggles and Gender Differences
    Umans, Ine
    Lybaert, Nadine
    Steijvers, Tensie
    Voordeckers, Wim
    PROCEEDINGS OF THE INTERNATIONAL CONFERENCE ON GENDER RESEARCH (ICGR 2018), 2018, : 455 - 461
  • [7] The role of the family council and protocol in planning the succession process in family firms
    Matias, Claudia
    Franco, Mario
    JOURNAL OF FAMILY BUSINESS MANAGEMENT, 2021, 11 (04) : 440 - 461
  • [8] Influence of board of directors on firm performance: Analysis of family and non-family firms
    Bachiller P.
    Giorgino M.C.
    Paternostro S.
    International Journal of Disclosure and Governance, 2015, 12 (3) : 230 - 253
  • [9] The structure of the board of directors in family versus non-family firms: Empirical evidence in Spain
    Garcia-Ramos, Rebeca
    Garcia Olalla, Myriam
    REVISTA ESPANOLA DE FINANCIACION Y CONTABILIDAD-SPANISH JOURNAL OF FINANCE AND ACCOUNTING, 2011, 40 (149): : 35 - 64
  • [10] Unveiling the global focus-performance relationship in family firms: The role of the board of directors
    Bauweraerts, Jonathan
    Arzubiaga, Unai
    Diaz-Moriana, Vanessa
    INTERNATIONAL BUSINESS REVIEW, 2022, 31 (04)
12345