Heroes of the Green Room – How Able Successors Revitalize and Reinvent Family Firms
Istipliler, Baris
;
Ahrens, Jan-Philipp
;
Hauer, Annegret
;
Steininger, Dennis M.
;
Woywode, Michael

DOI:
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https://doi.org/10.1080/00472778.2022.2161554
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Document Type:
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Article
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Year of publication:
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2022
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The title of a journal, publication series:
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Journal of Small Business Management
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Volume:
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tba
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Issue number:
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tba
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Page range:
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tba
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Place of publication:
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Malden, Mass , London
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Publishing house:
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Blackwell , Taylor & Francis
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Publication language:
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English
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Institution:
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Business School > Mittelstandsforschung u. Entrepreneurship (Woywode 2007-) Außerfakultäre Einrichtungen > Institut für Mittelstandsforschung (ifm)
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Subject:
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330 Economics
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Individual keywords (German):
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Nachfolge , Wandel , Familienunternehmen , Nachfolger , Humankapital
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Keywords (English):
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succession , family firm , family business , change , successor , human capital
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Abstract:
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Drawing on contingency and upper echelon theories, this study conceptualizes family firm CEO succession as a special window of opportunity for the new generation to reinvent and rejuvenate the firm and restore the environment-organization fit that had often deteriorated pre-succession. We argue that CEO-related human capital enables successors to identify and amend misfits, allowing them to re-chart an organization’s course to enhanced performance, especially when the misfit is marked by a turnaround situation. Based on a quantitative analysis of 804 German firms and 31 qualitative interviews, we find support for these coherences and contribute to contingency and upper echelon theories.
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Search Authors in
BASE:
Istipliler, Baris
;
Ahrens, Jan-Philipp
;
Hauer, Annegret
;
Steininger, Dennis M.
;
Woywode, Michael
Google Scholar:
Istipliler, Baris
;
Ahrens, Jan-Philipp
;
Hauer, Annegret
;
Steininger, Dennis M.
;
Woywode, Michael
ORCID:
Istipliler, Baris ; Ahrens, Jan-Philipp ORCID: 0000-0003-1866-7068 ; Hauer, Annegret ; Steininger, Dennis M. ; Woywode, Michael
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