IDEAS home Printed from https://ideas.repec.org/a/taf/ujbmxx/v61y2023i6p2714-2731.html
   My bibliography  Save this article

CEO succession game in family firms: Owners vs. advisors

Author

Listed:
  • Raj V. Mahto
  • David E. Cavazos
  • Andrea Calabrò
  • Jeff P. Vanevenhoven

Abstract

Succession in family firms is an extremely difficult and complex event in which advisors are often involved or sought. Advisors, especially business consultants, frequently play an important role in shaping and guiding such complex strategic processes. Nevertheless, it is not clear whether and to what extent the involvement of advisors, especially business consultants, in family firm succession impact the outcome of succession planning processes, such as the choice of the next chief executive officer (CEO). We explore whether family-owner socioemotional wealth, measured through their level of commitment to the firm, influences the preference for a family CEO versus a nonfamily CEO and acceptance of the advisor role in the succession planning process. We test the research questions on a sample of family firms located in the United States.

Suggested Citation

  • Raj V. Mahto & David E. Cavazos & Andrea Calabrò & Jeff P. Vanevenhoven, 2023. "CEO succession game in family firms: Owners vs. advisors," Journal of Small Business Management, Taylor & Francis Journals, vol. 61(6), pages 2714-2731, November.
    • Handle: RePEc:taf:ujbmxx:v:61:y:2023:i:6:p:2714-2731
    DOI: 10.1080/00472778.2021.1934851
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00472778.2021.1934851
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00472778.2021.1934851?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:ujbmxx:v:61:y:2023:i:6:p:2714-2731. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/ujbm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.