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The influence of transgenerational succession intentions on the succession planning process: The moderating role of high-quality relationships Universiteit Hasselt Universiteit Antwerpen
Socioemotional wealth (SEW) is an important point of reference for decision-making in family firms. This study shows that the SEW dimension of renewing family bonds through dynastic succession is positively related to the level of succession planning in a family firm. However, the link between the intention for transgenerational succession and the existence of such planned processes does not appear to be as straightforward as predicted. ...
Succession planning practices in private family firms: Survey evidence from Flanders Universiteit Hasselt
Succession is one of the key challenges family firms have to deal with. As many family firms fail to survive their succession process, it is important to identify the succession challenges these firms face. This article therefore digs deeper into existing leadership and ownership succession issues in a sample of private Flemish family firms. In particular, it explores the timing and planning of both types of succession. Additionally, it ...
Succession Planning in Family Firms: Emotional Struggles and Gender Differences Universiteit Hasselt
For family firms, succession embodies the central issue to be addressed in order to survive. However, many family firms do not succeed in transferring the leadership to a future family generation. This failure is generally due to a lack of adequate succession planning. A prominent reason for this absence is the family CEO’s emotion of being unable to let go of the firm. Though, the influence emotions have on organizational outcomes are likely ...
Family Characteristics as Determinant of Succession Planning Universiteit Hasselt
Even though succession planning ensures continuity of the firm, many family firms leave succession planning to chance. In our study, we investigate the potential drivers of the extent of succession planning based on a wide scale survey conducted at private family firms in Belgium. Contrary to previous studies in the field assuming that succession is largely under control of the incumbent leader of the family firm, we focus on family ...
Succession planning in family firms Universiteit Antwerpen
For family firms, succession embodies the central issue to be addressed in order to survive. However, many family firms do not succeed in transferring the leadership to a future family generation. This failure is generally due to a lack of adequate succession planning. A prominent reason for this absence is the family CEO's emotion of being unable to let go of the firm. Though, the influence emotions have on organizational outcomes are likely ...
Family characteristics as determinant of succession planning Universiteit Antwerpen
The family CEO’s effect on succession planning: founder status, difficulties with letting go and gender differences Universiteit Hasselt Universiteit Antwerpen
Purpose The purpose of this paper is to investigate several antecedents of succession planning in family firms: founder status, the family chief executive officer (CEO)’s inability to let go and the family CEO’s gender. Design/methodology/approach This study conducts moderated mediation analysis on a sample of 259 family firms. Findings The results show that family firms led by founders show lower succession planning levels than family firms led ...
CEO succession within top management teams: A process understanding of the (un)successful emergence and development of high quality collaboration. Universiteit Hasselt
In today’s business world, most organizations experience one or more Chief Executive Officer (CEO) successions, i.e., the planned or unplanned replacement of the incumbent leader with a newly appointed CEO. Unfortunately, failed CEO successions remain frequent and expensive for organizations. The aim of this dissertation project is to better understand the underlying dynamics during the entry process and early tenure of newcomer CEOs. ...