Integration of family-owned business succession with turnover and life cycle models: Development of a successor retention process model

Human Resource Management Review

Volumn 16, Issue 4, 2006, Pages 490-507

  Griffeth, Rodger W ^a   Allen, David G ^b   Barrett, Rowena ^c  

^a UNIVERSITY OF NEW ORLEANS   (United States)

^b UNIVERSITY OF MEMPHIS   (United States)

^c DE MONTFORT UNIVERSITY   (United Kingdom)

Author keywords

Family owned business; Heir apparent; Intergenerational transfer; Successful succession; Transition of power

Indexed keywords

EID: 33750490793     PISSN: 10534822     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.hrmr.2006.08.006     Document Type: Article

References (81)

1. Adams J.S. Inequity and social exchange. In: Berkowitz L. (Ed). Advances in experimental social psychology Vol. 2 (1965), Academic Press, New York 267-299
2. Alcorn P.B. Success and survival in the family-owned business (1982), McGraw Hill, New York
3. Aldrich H.E., and Cliff J.E. The pervasive effects of family on entrepreneurship: Toward a family embeddedness perspective. Journal of Business Venturing 18 (1993) 573-596
4. Allen D.G., Shore L.M., and Griffeth R.W. The role of perceived organizational support and supportive human resource practices in the turnover process. Journal of Management 29 (2003) 99-118
5. Aronoff C.E. Family business survival: Understanding the statistics "only 30%". Family Business Advisor 8 (1999) (1 and 6)
6. Aronoff C.E. Megatrends in family business. Family Business Review 11 (1998) 181-186
7. Aronoff C.E., and Ward J.L. Succession: A new image. Nation's Business 78 (1990) 46
8. Aronoff, C. E., & Ward, J. L. (Eds.) (1991). Introduction. In C. Aronoff & J. Ward (Eds.), Family Business Sourcebook (pp. 559-572) Detroit: Omnigraphics.
9. Aronoff C.E., and Ward J.L. Another kind of hero: Preparing successors for leadership (1992), Business Owner Resources, Marietta, GA
10. Astrachan J., and Shankar M. Family businesses' contribution to the U.S. economy: A closer look. Family Business Review 16 (2003) 211-219
11. Barach J.A., Ganitsky J., Carson J.A., and Doochin B.A. Entry of the next generation: Strategic challenge for family business. Journal of Small Business Management 26 (1988) 49-56
12. Baysinger B., and Mobley W. Employee turnover: Individual and organizational analysis. In: Rowland K., and Ferris G. (Eds). Research in personnel and human resources management Vol. 1 (1983), JAI Press, Greenwich, CT 269-319
13. Bird B., Welsch H., Astrachan J.H., and Pistrui D. Family business research: The evolution of an academic field. Family Business Review 15 (2002) 337-350
14. Birley S. Succession in the family firm: The inheritor's view. Journal of Small Business Management 21 (1986) 36-43
15. Bork D. Family business, risky business: How to make it work (1986), AMACOM, New York
16. Cabrera-Suárez K. Leadership transfer and the successor's development in the family firm. The Leadership Quarterly 16 (2005) 71-96
17. Cabrera-Suárez K., De Saá-Pérez P., and García-Almeida D. The succession process from a resource and knowledge-based view of the family firm. Family Business Review 14 (2001) 37-47
18. Cannella Jr., and Chen W. So close yet so far: Promotion versus exit for CEO heirs apparent. Academy of Management Journal 44 (2001) 252-270
19. Dessler G. Human resource management Vol. 10e (2004), Prentice Hall, Englewood Cliffs, N.J.
20. Dyck B., Mauws M., Starke F.A., and Mischke G.A. Passing the baton: The importance of sequence, timing, technique and communication in executive succession. Journal of Business Venturing 17 (2002) 143-162
21. Dyer Jr. W.G. Cultural change in family firms: Anticipating and managing business and family transitions (1986), Jossey-Bass, San Francisco
22. Dyer Jr. W.G. The family: The missing variable in organisational research'. Entrepreneurship Theory and Practice 27 (2003) 401-417
23. Dyer Jr. W.G., and Handler W.C. Entrepreneurship and family business: Exploring the connections. Entrepreneurship Theory and Practice 18 (1994) 71-83
24. Dyer Jr. W.G., and Sánchez M. Current state of family business theory and practice as reflected in Family Business Review 1998-1997. Family Business Review 11 (1998) 287-296
25. Farago R. Affuenza. In: Aronoff C., and Ward J. (Eds). Family business sourcebook (1987), Omnigraphics, Detroit 559-572
26. Feldman D.C. A contingency theory of socialization. Administrative Science Quarterly 21 (1976) 433-452
27. Feldman D.C. The multiple socialization of organizational members. Academy of Management Journal 2 (1981) 309-318
28. Fletcher D. Introduction: Family as a discursive resource for understanding the small family business. In: Fletcher D. (Ed). Understanding the small family business (2002), Routledge, London 1-16
29. Fox M., Nilakant V., and Hamilton R.T. Managing succession in family-owned businesses. International Small Business Journal 15 (1996) 15-25
30. Friedman S.D. Sibling relationships and intergenerational succession in family firms. Family Business Review 4 (1991) 3-20
31. García-Álvarez E., López-Sintas J., and Gonzalvo P.S. Socialization patterns of successors in first-to second-generation family businesses. Family Business Review 15 (2002) 189-203
32. Goldberg, S. D. (1991). Factors which impact effective succession in small family-owned businesses: An empirical study. Unpublished doctoral dissertation, U. Mass., Amherst.
33. Goldberg S.D. Effective successors in family owned business. Family Business Review 9 (1996) 185-197
34. Goldberg S.D., and Wooldridge B. Self-confidence and managerial autonomy: Successor characteristics critical to succession in family firms. Family Business Review 6 (1993) 55-73
35. Goodman C.E. Like father, like daughter: A new vision for family business. In: Ward J. (Ed). Family business sourcebook (1988), Omnigraphics, Detroit 518-521
36. Handler, W. C. (1989). Managing the family firm succession process: The next generation family member's experience. Unpublished doctoral dissertation, Boston University, Boston.
37. Handler W.C. Key interpersonal relationships of next generation family members in family firms. Journal of Small Business Management 29 (1991) 21-32
38. Handler W.C. Succession experience of the next generation. Family Business Review 5 (1992) 282-307
39. Handler W.C. Succession in family business: A review of the research. Family Business Review 7 (1994) 331-348
40. Heck R.K.Z., and Trent E.S. The prevalence of family business from a household sample. Family Business Review 12 (1999) 209-219
41. Hollander B.S. Silver spoon syndrome. In: Aronoff C., and Ward J. (Eds). Family business sourcebook (1987), Omnigraphics, Detroit 555-556
42. Hom P.W., and Griffeth R.W. Structural equations modeling test of a turnover theory: Cross-sectional and longitudinal analyses. Journal of Applied Psychology 76 (1991) 350-366
43. Hom P.W., and Griffeth R.W. Employee turnover (1995), Southwestern, Cincinnati, OH
44. Hom P.W., Griffeth R.W., and Sellaro C.L. The validity of Mobley's (1977) model of employee turnover. Organizational Behavior and Human Performance 34 (1984) 141-174
45. Hulin C.L., Roznowski M., and Hachiya D. Alternative opportunities and withdrawal decisions: Empirical and theoretical discrepancies and an integration. Psychological Bulletin 97 (1985) 233-250
46. Janjuha-Jivraj S., and Woods A. The art of 'good conversations': A strategy to negotiate succession within South Asian family firms. Strategic Change 11 (2002) 425-434
47. Janjuha-Jivraj S., and Woods A. Successional issues within Asian family firms: Learning from the Kenyan experience. International Small Business Journal 20 (2002) 77-94
48. Jonovic D.J. The second generation boss: A successor's guide to becoming the next owner-manager of a successful family business (1982), University Press, Cleveland
49. Jonovic D.J. Someday it'll all be yours...or will it? (1984), Jamieson Press, Cleveland
50. Kaufman B.E. The economics of labor markets Vol. 4e (1994), Dryden Press, Ft. Worth, Tx
51. Kelman H.C. Compliance, identification, and internalization: Three processes of attitude change. Journal of Conflict Resolution 2 (1958) 50-60
52. Korman M.D., and Hubler T.M. "Odd couples" in the family-owned business. In: Aronoff C., and Ward J. (Eds). Family business sourcebook (1988), Omnigraphics, Detroit 512-517
53. Lansberg I.S. The succession conspiracy: Mapping resistances to succession planning in first-generation family firms. Family Business Review 1 (1988) 119-143
54. Lansberg I.S. Succeeding generations: Realizing the dream of families in business (1999), Harvard Business School Press, Boston
55. Lea J.W. Keeping it in the family: Successful succession of family business (1991), Wiley, New York
56. Le Breton-Miller I., Miller D., and Steier L. Toward an integrative model of effective FOB succession. Entrepreneurship Theory and Practice 28 (2004) 305-328
57. Lee T.W., and Mitchell T.R. An alternative approach: The unfolding model of voluntary employee turnover. Academy of Management Review 19 (1994) 51-89
58. Levinson H. Conflicts that plague the family business. Harvard Business Review (1971, March/April) 90-98
59. Longnecker J.G., and Schoen J.E. Management succession in the family business. In: Aronoff C., and Ward J. (Eds). Family business sourcebook (1978), Omnigraphics, Detroit 150-156
60. Mackie R. Best for the family: Researching families and businesses. Family and Community History 4 (2001) 31-44
61. March J.G., and Simon H.A. Organizations (1958), Wiley, New York
62. Martin L. More jobs for the boys? Succession planning in SMEs. Women in Management Review 16 (2001) 222-231
63. Mitchell T.R., Holtom B.C., Lee T.W., Sablynski C.J., and Erez M. Why people stay: Using job embeddedness to predict voluntary turnover. Academy of Management Journal 44 (2001) 1102-1121
64. Mobley W.H. Intermediate linkages in the relationship between job satisfaction and employee turnover. Journal of Applied Psychology 62 (1977) 237-240
65. Mobley W.H. Some unanswered questions in turnover and withdrawal research. Academy of Management Review 7 (1982) 111-116
66. Morris M., Williams R., Allen J.A., and Avila R. Correlates of success in family business transitions. Journal of Business Venturing 12 (1997) 385-401
67. Nelton S. Shaky about joining the family firm. In: Aronoff C., and Ward J. (Eds). Family business sourcebook (1983), Omnigraphics, Detroit 538-542
68. Nelton S. Making sure your business outlasts you. In: Aronoff C., and Ward J. (Eds). Family business sourcebook (1986), Omnigraphics, Detroit 157-162
69. Neubaur F., and Lank A.G. The family business, its governance for sustainability (1998), Macmillan Press, London
70. Poutziouris P.Z., and Chittenden F. Family businesses or business families (1996), UK Institute for Small Business Affairs Monograph, Leeds
71. Price J.L., and Mueller C.W. Absenteeism and turnover of hospital employees (1986), JAI Press, Greenwich, CT
72. Prokesch S. Rediscovering family values. In: Aronoff C., and Ward J. (Eds). Family business sourcebook (1986), Omnigraphics, Detroit 5-19
73. Rosenblatt P.C., de Mik L., Anderson R.M., and Johnson P.A. The family in business (1985), Jossey-Bass, San Francisco
74. Sharma P. An overview of the field of family business studies: Current status and directions for the future. Family Business Review 17 (2004) 1-36
75. Sharma P., Chrisman J., Pablo A., and Chua J. Determinants of initial satisfaction with the succession process in family firms: A conceptual model. Entrepreneurship Theory and Practice 25 (2001) 17-36
76. Sharma P., and Irving G.I. Four bases of family business succession commitment: Antecedents and consequences. Entrepreneurship Theory and Practice 29 (2005) 13-33
77. Stavrou E., and Swiercz P. Securing the future of the family enterprise: A model of offspring intentions to join the business. Entrepreneurship Theory and Practice 22 (1998) 19-39
78. Steier L. Next-generation entrepreneurs and succession: An exploratory study of modes and means of managing social capital. Family Business Review 14 (2001) 259-276
79. Venter E., Boshoff C., and Maas G. The influence of successor-related factors on the succession process in small and medium-sized family businesses. Family Business Review 18 (2005) 283-303
80. Ward J.L. Keeping the family business healthy: How to plan for continuing growth, profitability, and family leadership (1987), Jossey-Bass, San Francisco
81. Zahra S.A., and Sharma P. Family business research: A strategic reflection. Family Business Review 17 (2004) 331-346