Family Business CEO Succession: Examining Personal Retirement Expectations

Authors

  • Jamie D. Collins Sam Houston State University
  • William J. Worthington Baylor University
  • John E. Schoen Schoen Family Foundation

Abstract

Retirement well-being expectations of incumbent family owned business CEOs is a critical precursor to successful succession events. The significant antecedents to retirement well-being expectation are family relationships, wealth management and transfer, leadership succession and development, and continuity and viability of the firm. Using data from a survey of 256 family firm CEOs we demonstrate those relationships and show a very strong connection between retirement well-being expectation and firm performance. Study results further our premise that antecedents to retirement well-being expectation are indirectly tied to the overall health and performance of the family firm.

Author Biographies

  • Jamie D. Collins, Sam Houston State University

    Associate Professor

    Management & Marketing

  • William J. Worthington, Baylor University
    Director - Family Business Institute
  • John E. Schoen, Schoen Family Foundation
    President

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Published

2016-05-19

Issue

Vol. 26 No. 2 (2016)

Section

Articles

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How to Cite

Family Business CEO Succession: Examining Personal Retirement Expectations. (2016). Journal of Small Business Strategy (archive Only), 26(2), 51-70. https://libjournals.mtsu.edu/index.php/jsbs/article/view/527