Carry the past into the future: the effects of CEO temporal focus on succession planning in family firms

Feifei Lu; Ho Kwong Kwan; Bin Ma

doi:10.1007/s10490-020-09748-4

Carry the past into the future: the effects of CEO temporal focus on succession planning in family firms

Feifei Lu (First Author), Ho Kwong Kwan (Participant Author), Bin Ma (Participant Author)

Organizational Behavior/Human Resource Management

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Abstract

In this study, the relationship between CEO temporal focus and family business succession planning is examined and the moderating effects of family interactions and environmental uncertainty are assessed. Based on data from 198 CEOs of family businesses and additional data from 15 semi-structured interviews in China, we find that CEO temporal focus (i.e., past, present, or future focus) is positively associated with succession planning. In addition, family interactions strengthen the relationship between CEO past focus and succession planning and weaken the relationship between CEO future focus and succession planning. Moreover, in uncertain environments, past-focused CEOs are more likely to plan for succession than present-focused CEOs. The theoretical contributions and practical implications of the study are also discussed.

Original language	English
Journal	Asia Pacific Journal of Management
Issue number	Early Access
DOIs	https://doi.org/10.1007/s10490-020-09748-4
Publication status	Published - 2021

Corresponding author email

lvfeifei87@hotmail.com

Keywords

Environmental uncertainty
Family firm
Family interaction
Succession planning
Temporal focus

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Carry the past into the future-the effects of CEO temporal focus on succession planning in family firmsFinal published version, 1.1 MBLicence: CC BY

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Carry the past into the future: the effects of CEO temporal focus on succession planning in family firms

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