The Effects of Family Firm CEO Traditionality on Successor Choice: The Moderating Role of Socioemotional Wealth

Lu, F; Kwan, HK; Zhu, Z

The Effects of Family Firm CEO Traditionality on Successor Choice: The Moderating Role of Socioemotional Wealth

Lu, F Kwan, HK Zhu, Z

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Publisher:: SAGE Publications
Publication Type:: Journal Article
Citation:: Family Business Review, 2021, 34, (2), pp. 213-234
Issue Date:: 2021-01-01

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Field	Value	Language
dc.contributor.author	Lu, F
dc.contributor.author	Kwan, HK
dc.contributor.author	Zhu, Z
dc.date.accessioned	2021-12-23T05:10:52Z
dc.date.available	2021-12-23T05:10:52Z
dc.date.issued	2021-01-01
dc.identifier.citation	Family Business Review, 2021, 34, (2), pp. 213-234
dc.identifier.issn	0894-4865
dc.identifier.issn	1741-6248
dc.identifier.uri	http://hdl.handle.net/10453/152489
dc.description.abstract	© The Author(s) 2020. Drawing on upper echelons theory, this study examines how the traditionality of family chief executive officers (CEOs) influences the selection of their successors, and how this relationship is moderated by two dimensions of socioemotional wealth. Recognizing the central role of CEOs in determining successors, we show that a family CEO’s cultural values regarding traditionality have a significant positive effect on the probability that a family member is chosen as successor. We find that this relationship is strengthened by the family members’ identification with the firm and weakened by the family members’ sense of dynasty. Our contributions to theory and practice are discussed.
dc.language	English
dc.publisher	SAGE Publications
dc.relation.ispartof	Family Business Review
dc.relation.isbasedon	10.1177/0894486520967832
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	1503 Business and Management, 1505 Marketing
dc.subject.classification	Business & Management
dc.title	The Effects of Family Firm CEO Traditionality on Successor Choice: The Moderating Role of Socioemotional Wealth
dc.type	Journal Article
utslib.citation.volume	34
utslib.for	1503 Business and Management
utslib.for	1505 Marketing
utslib.for	1503 Business and Management
utslib.for	1505 Marketing
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
utslib.copyright.status	closed_access	*
pubs.consider-herdc	true
dc.date.updated	2021-12-23T05:10:52Z
pubs.issue	2
pubs.publication-status	Published
pubs.volume	34
utslib.citation.issue	2

Abstract:

© The Author(s) 2020. Drawing on upper echelons theory, this study examines how the traditionality of family chief executive officers (CEOs) influences the selection of their successors, and how this relationship is moderated by two dimensions of socioemotional wealth. Recognizing the central role of CEOs in determining successors, we show that a family CEO’s cultural values regarding traditionality have a significant positive effect on the probability that a family member is chosen as successor. We find that this relationship is strengthened by the family members’ identification with the firm and weakened by the family members’ sense of dynasty. Our contributions to theory and practice are discussed.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/152489