Building on a unique dataset with information on the nuclear structure of entrepreneurial families, we integrate leadership succession into a socioemotional wealth (SEW) logic to test the antecedents and consequences of primogeniture vis-à-vis second- or subsequent born selection in family firm succession. Our findings suggest that appointing a family firstborn sibling is more likely when there is a high degree of SEW endowment and the family firm has pre-succession performance below aspiration levels. Next, we find that appointing a second- or subsequent-born sibling has a positive and significant effect on post-succession firm profitability, particularly when the firm is in its second generation or later.

The courage to choose! Primogeniture and leadership succession in family firms / Calabro', Andrea; Minichilli, Alessandro; Amore, Mario Daniele; Brogi, Marina. - In: STRATEGIC MANAGEMENT JOURNAL. - ISSN 0143-2095. - STAMPA. - (2018), pp. 1-22. [10.1002/smj.2760]

The courage to choose! Primogeniture and leadership succession in family firms

CALABRO', ANDREA
;
Brogi, Marina
2018

Abstract

Building on a unique dataset with information on the nuclear structure of entrepreneurial families, we integrate leadership succession into a socioemotional wealth (SEW) logic to test the antecedents and consequences of primogeniture vis-à-vis second- or subsequent born selection in family firm succession. Our findings suggest that appointing a family firstborn sibling is more likely when there is a high degree of SEW endowment and the family firm has pre-succession performance below aspiration levels. Next, we find that appointing a second- or subsequent-born sibling has a positive and significant effect on post-succession firm profitability, particularly when the firm is in its second generation or later.
2018
Birth order; Family firms; Primogeniture; Socioemotional wealth; Succession; Business and International Management; Strategy and Management1409 Tourism; Leisure and Hospitality Management
01 Pubblicazione su rivista::01a Articolo in rivista
The courage to choose! Primogeniture and leadership succession in family firms / Calabro', Andrea; Minichilli, Alessandro; Amore, Mario Daniele; Brogi, Marina. - In: STRATEGIC MANAGEMENT JOURNAL. - ISSN 0143-2095. - STAMPA. - (2018), pp. 1-22. [10.1002/smj.2760]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/1092420
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