Heroes of the Green Room – How Able Successors Revitalize and Reinvent Family Firms

DOI:	https://doi.org/10.1080/00472778.2022.2161554
Document Type:	Article
Year of publication:	2022
The title of a journal, publication series:	Journal of Small Business Management
Volume:	tba
Issue number:	tba
Page range:	tba
Place of publication:	Malden, Mass , London
Publishing house:	Blackwell , Taylor & Francis
Publication language:	English
Institution:	Business School > Mittelstandsforschung u. Entrepreneurship (Woywode 2007-) Außerfakultäre Einrichtungen > Institut für Mittelstandsforschung (ifm)
Subject:	330 Economics
Individual keywords (German):	Nachfolge , Wandel , Familienunternehmen , Nachfolger , Humankapital
Keywords (English):	succession , family firm , family business , change , successor , human capital
Abstract:	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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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

; Hauer, Annegret ; Steininger, Dennis M. ; Woywode, Michael

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