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http://hdl.handle.net/1942/30756
Title: | Succession planning in family firms: family governance practices, board of directors, and emotions | Authors: | UMANS, Ine LYBAERT, Nadine STEIJVERS, Tensie VOORDECKERS, Wim |
Issue Date: | 2020 | Publisher: | SPRINGER | Source: | SMALL BUSINESS ECONOMICS, 54 (1), p. 189 -207 | Abstract: | 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. | Notes: | Umans, I (reprint author), Hasselt Univ, Res Ctr Entrepreneurship & Family Firms RCEF, B-3590 Diepenbeek, Belgium. ine.umans@uhasselt.be |
Other: | Umans, I (reprint author), Hasselt Univ, Res Ctr Entrepreneurship & Family Firms RCEF, B-3590 Diepenbeek, Belgium. ine.umans@uhasselt.be | Keywords: | Family firms;Succession planning;Family governance practices;Board of directors;Emotions | Document URI: | http://hdl.handle.net/1942/30756 | ISSN: | 0921-898X | e-ISSN: | 1573-0913 | DOI: | 10.1007/s11187-018-0078-5 | ISI #: | WOS:000511921300009 | Rights: | Springer Science+Business Media, LLC, part of Springer Nature 2018 | Category: | A1 | Type: | Journal Contribution | Validations: | ecoom 2021 vabb 2020 |
Appears in Collections: | Research publications |
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umans.pdf Restricted Access | Published version | 863.64 kB | Adobe PDF | View/Open Request a copy |
158222_2019_07_13.pdf | Peer-reviewed author version | 616.17 kB | Adobe PDF | View/Open |
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