Fusing contingency theory and upper echelon theory - for a new perspective on the critical juncture of family firm succession

Document Type:	Conference presentation
Year of publication:	2022
Conference title:	IECER 2022, Interdisciplinary European Conference on Entrepreneurship Research, 20th Annual Conference
Location of the conference venue:	Maastricht, The Netherlands
Date of the conference:	26-28.10.2022
Related URLs:	https://www.iecer-conference.org/ https://irp.cdn-website.com/4b83e366/fil...
Publication language:	English
Institution:	Außerfakultäre Einrichtungen > Institut für Mittelstandsforschung (ifm) Business School > Mittelstandsforschung u. Entrepreneurship (Woywode 2007-)
Subject:	330 Economics
Individual keywords (German):	Nachfolge
Keywords (English):	succession
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.

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. and Woywode, Michael

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