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Integration of family-owned business succession with turnover and life cycle models : development of a successor retention process model
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Griffeth, Rodger W., Allen, David G. and Barrett, Rowena (2006) Integration of family-owned business succession with turnover and life cycle models : development of a successor retention process model. Human Resource Management Review, Volume 16 (Number 4). pp. 490-507. doi:10.1016/j.hrmr.2006.08.006 ISSN 1053-4822.
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Official URL: http://dx.doi.org/10.1016/j.hrmr.2006.08.006
Abstract
Family-owned businesses face a unique obstacle: continuation of the business through intergenerational transfer. Most family-owned businesses cease when the next generation does not enter the business. This paper develops parallels between failed intergenerational transfer and voluntary turnover. Based on past research, we develop a taxonomy of characteristics hypothesized to influence intergenerational transfer in family-owned businesses. We, then, integrate these dimensions with prominent turnover and socialization theories to propose a successor retention process model. Implications for research are described.
Item Type: | Journal Article | ||||
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Divisions: | Faculty of Social Sciences > Warwick Business School | ||||
Journal or Publication Title: | Human Resource Management Review | ||||
Publisher: | Pergamon | ||||
ISSN: | 1053-4822 | ||||
Official Date: | 2006 | ||||
Dates: |
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Volume: | Volume 16 | ||||
Number: | Number 4 | ||||
Page Range: | pp. 490-507 | ||||
DOI: | 10.1016/j.hrmr.2006.08.006 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
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