Sharma et al. (2001) developed a model of satisfaction with the succession process in family firms by applying the stakeholder theory. This model suggests that satisfaction from the succession process is enhanced by factors such as the incumbent's willingness to step aside, the successor's...

The Kesner and Sebora article on executivesuccession, Toward an integrative model of effective FOB succession, isevaluated as to its research on family firm succession issues. The articlesuggests that developing testing theory is very much like assembling a jigsawpuzzle. There are two parts to...

Identifying appropriate criteria for evaluatingsuccess is acommon problem in the analysis of small family businesses.Definitions and measurement of success are ambiguous due to subjective biasesand a variety of personal goals and company objectives; definitions andmeasurements are not comparable...

This paper studies CEO re-appointment and succession events in listed family firms with an incumbent family CEO in France, Germany and the UK over 2001-2016. The paper explores whether family firms with a founder CEO are more likely to engage in earnings management pre-event than other family...

The family business discussed in this paper was founded in 1932 and had sustained growth during the first two decades of operation. It had transformed itself from a local to a national business and started to venture into international markets. The founder of the company had one daughter, an...