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The aim of our study is to understand whether different incumbent attitudes towards desirable successor attributes have an impact on their intention to nominate a family member or a non-family… Click to show full abstract
The aim of our study is to understand whether different incumbent attitudes towards desirable successor attributes have an impact on their intention to nominate a family member or a non-family member as CEO and the extent to which this intention is moderated by the number of family members working in the firm as a proxy of socioemotional wealth preservation. Our main findings suggest that an incumbent’s intention to nominate a family member as the next CEO increases when they believe family standing attributes to be important and decreases when they consider managerial competence attributes to be important. However, the latter relationship weakens as the number of family members working in the firm increases.
Journal Title: Journal of Business Economics
Year Published: 2017
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