Succession Intentions Across the Globe: The Role of Institutional Factors
Type
conference paper
Date Issued
2014-06-23
Author(s)
Abstract
While succession intentions have received increasing scholarly attention in recent years, there is a lack of knowledge about country-level antecedents and differences. Our paper aims to close this gap by investigating succession intentions of 6,360 students with family business background from 26 countries. More specifically, we blend theory of planned behavior with institutional theory and find that institutional variables such as individualism, uncertainty avoidance, and the level of corruption explain the formation of succession intentions over and above traditional theory of planned behavior elements. In addition, we reveal a U-shaped relationship between a nation's level of economic development and the strength of succession intentions. This indicates the existence of two types of succession intentions: necessity and opportunity succession. These findings add valuable insights to literature on family businesses, succession, theory of planned behavior, and practice.
Language
English
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
IFERA
Start page
1
End page
35
Pages
35
Event Title
14th International Family Enterprise Research Academy (IFERA) Annual Conference
Event Location
Lappeenranta, Finland
Event Date
23.-27.06.2014
Subject(s)
Eprints ID
230249
File(s)![Thumbnail Image]()
open.access
Name
Sieger_2014.pdf
Size
22.19 KB
Format
Adobe PDF
Checksum (MD5)
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