Although family-owned business succession has been widely researched, very few studies investigate the relationship between preperformance and succession. Drawing on the agency and the resource-based view theories, we investigate how previous firm performance may influence the nomination of a...

Broadly speaking, internationalisation means the entry to new-country markets. It may, therefore, be described as a process of innovation ( Bilkey & Tesar, 1977 ; Andersen, 1993 ; Casson, 2000 ). Faced with increasing international competition, innovation has become a central focus in firms’...