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Family firm incumbent’s attitude toward intra-family succession: antecedents and effects on intentions

Research output: Contribution to journalJournal article

Published

Journal publication date01/2013
JournalAcademy of Management Best Paper Proceedings
Volume2013
Number of pages6
Pages1-6
Original languageEnglish

Abstract

Research shows that intention for intra-family succession is an important determinant of family firm behavior. To provide a systematic analysis of the antecedents of such intention, we use the theory of planned behavior to model the incumbent leader’s attitude toward intra-family succession because that particular attitude is idiosyncratic to family firms. Empirical tests using a sample of 271 Italian incumbent leaders of family firms show that, as predicted by planned behavior theory, attitude and self-efficacy are significant predictors of intention. They show further that attitude is affected by the number of children, emotional attachment, and need for control.