Carry the past into the future: the effects of CEO temporal focus on succession planning in family firms
基于198位中国家族企业CEO的数据和15个半结构化访谈,研究发现CEO对过去、现在或未来的关注程度正向影响继任规划,且家庭互动和环境不确定性会调节这一关系。
Abstract 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.