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The Socio-psychological Challenges of Succession in Family Firms: The Implications of Collective Psychological Ownership

In: The Palgrave Handbook of Heterogeneity among Family Firms

Author

Listed:
  • Noora Heino

    (Lappeenranta University of Technology)

  • Pasi Tuominen

    (Lappeenranta University of Technology)

  • Terhi Tuominen

    (Lappeenranta University of Technology)

  • Iiro Jussila

    (Lappeenranta University of Technology)

Abstract

One of the most distinct challenges that family businesses face is succession. Several researchers have recognized that it is not a single event, but a process associated with social and psychological challenges. This chapter advances knowledge on these challenges drawing on the theory of collective psychological ownership (CPO). More precisely, we present the socio-psychological challenges in succession and the main factors related to them, and discuss how CPO affects this relationship. This work serves as an analytical framework for future research on the topic.

Suggested Citation

  • Noora Heino & Pasi Tuominen & Terhi Tuominen & Iiro Jussila, 2019. "The Socio-psychological Challenges of Succession in Family Firms: The Implications of Collective Psychological Ownership," Springer Books, in: Esra Memili & Clay Dibrell (ed.), The Palgrave Handbook of Heterogeneity among Family Firms, chapter 26, pages 715-746, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-77676-7_26
    DOI: 10.1007/978-3-319-77676-7_26
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