Succession in family owned businesses (FOBs) isinvestigated in order to discover a more complete model of what it takes for asuccession to succeed, determine trends, develop consensus findings, and fillgaps in the conceptual and empirical knowledge, and suggest areas for futureresearch. A...

Previous research has shown there is a high failure rate (70%) for successions in family owned businesses. Other researchers have suggested that the reasons why such successions fail are: unclear succession plans, incompetent or unprepared successors, and family rivalries. In this paper, poorly...

We study successions from a non-family CEO back to a family CEO, which we label “Type-R” successions. In our sample of 489 Italian family firms experiencing the departure of nonfamily CEOs, these successions represent 42% of all cases. Our difference-in-differences results indicate that...

Innovation is conceptualized in different ways from firm to firm. While some firms tend to accept a more conservative approach towards innovation, other firms approach innovation from a more entrepreneurial perspective. A conservative model of innovation and an entrepreneurial model of...