We examine the function and governance of successor leadership groups in family firms. In a qualitative study of nine family firms, in-depth interviews indicated that excessive competition among successor group members will hinder group effectiveness, while a pattern of cooperation, unified...

The presence of family influence and family social capital may factor into a family firm's relatively slow process in formalizing human resource practices when compared to a non-family firm. Family social capital and family influence also play a strong role in the development of the ethnic...