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- Title
FAMILY BUSINESS CEO SUCCESSION: EXAMINING PERSONAL RETIREMENT EXPECTATIONS.
- Authors
Collins, Jamie D.; Worthington, William J.; Schoen, John E.
- Abstract
Retirement well-being expectations of incumbent family owned business CEOs are a critical precursor to successful succession events. The significant antecedents to retirement well-being expectation are family relationships, wealth management and transfer, leadership succession and development, and continuity and viability of the firm. Using data from a survey of 256 family firm CEOs we demonstrate those relationships and show a very strong connection between retirement well-being expectation and firm performance. Study results support our premise that antecedents to retirement well-being expectation are indirectly tied to the overall health and performance of the family firm.
- Subjects
FAMILY-owned business enterprises; EXECUTIVE succession; CHIEF executive officers; RETIREMENT
- Publication
Journal of Small Business Strategy, 2016, Vol 26, Issue 2, p51
- ISSN
1081-8510
- Publication type
Article