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    Family Business Succession: What’s Motivation Got to Do With It?

    86557.pdf (436.2Kb)
    Access Status
    Open access
    Authors
    Gagné, Marylène
    Marwick, Connor
    Brun de Pontet, Stéphanie
    Wrosch, Carsten
    Date
    2021
    Type
    Journal Article
    
    Metadata
    Show full item record
    Citation
    Gagné, M. and Marwick, C. and Brun de Pontet, S. and Wrosch, C. 2021. Family Business Succession: What’s Motivation Got to Do With It? Family Business Review. 34 (2): pp. 154-167.
    Source Title
    Family Business Review
    DOI
    10.1177/0894486519894759
    ISSN
    0894-4865
    Faculty
    Faculty of Business and Law
    School
    Future of Work Institute
    Remarks

    This is an accepted manuscript of an article published by Sage in Family Business Review on 19/12/2019 available online at https://doi.org/10.1177/0894486519894759

    Gagné M, Marwick C, Brun de Pontet S, Wrosch C. Family Business Succession: What’s Motivation Got to Do With It? Family Business Review. 2021;34(2):154-167. Copyright © 2019 The Authors DOI: https://doi.org/10.1177/0894486519894759

    URI
    http://hdl.handle.net/20.500.11937/86695
    Collection
    • Curtin Research Publications
    Abstract

    Family businesses represent 80% of global business structures, but the low rate of successful transgenerational succession can have drastic implications for employees and local economies. A 12-year longitudinal study of 89 Canadian family businesses revealed that successors’ confidence and perceptions of incumbent support predicted successor intrinsic motivation to take over the business, which in turn predicted whether the business was successfully transferred 12 years later. Incumbent support and intrinsic motivation mediated the relation between incumbent trust in the successor and successful business succession. This study demonstrates the dual importance of incumbent and successor psychological states in determining succession outcomes.

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