The Effects of Family Firm CEO Traditionality on Successor Choice: The Moderating Role of Socioemotional Wealth

Feifei Lu, Ho Kwong Kwan, Zhu Zhu

Research output: Contribution to journalArticlepeer-review

28 Scopus citations

Abstract

Drawing on upper echelons theory, this study examines how the traditionality of family chief executive officers (CEOs) influences the selection of their successors, and how this relationship is moderated by two dimensions of socioemotional wealth. Recognizing the central role of CEOs in determining successors, we show that a family CEO’s cultural values regarding traditionality have a significant positive effect on the probability that a family member is chosen as successor. We find that this relationship is strengthened by the family members’ identification with the firm and weakened by the family members’ sense of dynasty. Our contributions to theory and practice are discussed.

Original languageEnglish
Pages (from-to)213-234
Number of pages22
JournalFamily Business Review
Volume34
Issue number2
DOIs
StatePublished - Jun 2021

Keywords

  • CEO traditionality
  • family members’ identification
  • sense of dynasty
  • successor choice

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