Performance below and above aspirations as an antecedent of succession planning in family firms Universiteit Antwerpen
This study builds on the behavioral theory of the firm to show that firm performance is an essential antecedent of succession planning activities in family firms. A sample of 209 family firms reveals that (i) when family firm performance is further below historical aspirations, the level of succession planning is higher and (ii) when family firm performance is further above social aspirations, the level of succession planning is lower. Thus, ...