The “Most Wanted”: The Role of Family Strategic Resources and Family Involvement in CEO Succession Intention
研究了继任前阶段,家族战略资源的获取与积累以及高管团队中家族参与如何影响选择家族或非家族成员担任CEO的意愿。基于跨国家族企业数据发现,人力资本会降低选家族CEO的意愿,但家族主导的高管团队会增强这一意愿。
Stemming from familiness and the notion of nonimitable strategic resources, we investigate, in the presuccession phase, the role of acquisition and accumulation of family strategic resources, along with the way family involvement in the top management team affects resource mobilization and deployment, in determining the intention to choose either a family or a nonfamily member as the next CEO. Data from a cross-country double-respondent family business data set (Successful Transgenerational Entrepreneurship Practices project) reveal that human capital is a significant family strategic resource reducing the intention to select a family CEO, although leveraging this resource by a top management team dominated by family members enhances this intention.