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

Minichilli, Alessandro
Writing – Original Draft Preparation
;
Amore, Mario;Brogi, Marina
Writing – Review & Editing
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
2017
Calabrò, Andrea; Minichilli, Alessandro; Amore, Mario; Brogi, Marina
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/4001044
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