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Author Fediuk, Tomasz A. ♦ Botero, Isabel C. ♦ Boyd, Britta
Source Directory of Open Access Journals (DOAJ)
Content type Text
Publisher MDPI AG
File Format PDF
Date Created 2014-11-03
Copyright Year ©2014
Language English
Subject Domain (in LCC) HG1-9999
Subject Keyword Decision-making ♦ Social Sciences ♦ Theory of reasoned action ♦ Succession in family firms ♦ Ownership transition ♦ Management transition ♦ Finance ♦ Succession intent
Abstract 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.
ISSN 22277072
Age Range 18 to 22 years ♦ above 22 year
Educational Use Research
Education Level UG and PG ♦ Career/Technical Study
Learning Resource Type Article
Publisher Date 2014-11-01
e-ISSN 22277072
Journal International Journal of Financial Studies
Volume Number 2
Issue Number 4
Page Count 24
Starting Page 335
Ending Page 358


Source: Directory of Open Access Journals (DOAJ)