The "Most Wanted": The Role of Family Strategic Resources and Family Involvement in CEO Succession Intention. (September 2020)

• Record Type: Journal Article
• Authors: Campopiano, Giovanna; Calabrò, Andrea; Basco, Rodrigo
• Is Part Of: Family business review. Volume 33:Number 3(2020)
• Page Start: 284
• Page End: 309
• Publication Date: 2020-09
• Subjects: CEO succession intention -- family strategic resources -- TMT -- family involvement -- familiness -- resource-based view -- STEP; Family-owned business enterprises -- United States -- Periodicals; Home labor -- United States -- Periodicals; Small business -- United States -- Periodicals; New business enterprises -- United States -- Periodicals; 658.045
• DOI: 10.1177/0894486520927289
• Languages: English
• ISSNs: 0894-4865

Abstract

Stemming from familiness and the notion of nonimitable strategic resources, we investigate, in the presuccession phase, the role of acquisition and accumulation of family strategic resources, along with the way family involvement in the top management team affects resource mobilization and deployment, in determining the intention to choose either a family or a nonfamily member as the next CEO. Data from a cross-country double-respondent family business data set (Successful Transgenerational Entrepreneurship Practices project) reveal that human capital is a significant family strategic resource reducing the intention to select a family CEO, although leveraging this resource by a top management team dominated by family members enhances this intention.