Carry the past into the future: the effects of CEO temporal focus on succession planning in family firms

In this study,the relationship between CEO temporal focus and family business succession planning is examined and the moderating effects of family interactions and environmental uncertainty are assessed. Based on data from 198 CEOs of family businesses and additional data from 15 semi-structured int...

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Detalles Bibliográficos
Autores: Lu, Feifei, Kwan, Ho Kwong, Ma, Bin
Tipo de recurso: artículo
Fecha de publicación:2022
País:España
Institución:IE
Repositorio:Repositorio IE
OAI Identifier:oai:repositorio.ie.edu:20.500.14417/3039
Acceso en línea:https://doi.org/10.1007/s10490-020-09748-4
https://hdl.handle.net/20.500.14417/3039
https://www.scopus.com/inward/record.uri?eid=2-s2.0-85099070701&doi=10.1007%2fs10490-020-09748-4&partnerID=40&md5=25511cabb9546a066b47fa59aca6e604
Access Level:acceso abierto
Palabra clave:Environmental uncertainty
Family firm
Family interaction
Succession planning
Temporal focus
53 Ciencias Económicas::5311 Organización y dirección de empresas
ODS 8 - Trabajo decente y crecimiento económico
Descripción
Sumario:In this study,the relationship between CEO temporal focus and family business succession planning is examined and the moderating effects of family interactions and environmental uncertainty are assessed. Based on data from 198 CEOs of family businesses and additional data from 15 semi-structured interviews in China,we find that CEO temporal focus (i.e.,past,present,or future focus) is positively associated with succession planning. In addition,family interactions strengthen the relationship between CEO past focus and succession planning and weaken the relationship between CEO future focus and succession planning. Moreover,in uncertain environments,past-focused CEOs are more likely to plan for succession than present-focused CEOs. The theoretical contributions and practical implications of the study are also discussed. © 2021,The Author(s).