An entrepreneurial process perspective on succession in family firms

Theory of planned behaviour and the family business

“…Succession is the core of the family business literature (Gomez-Mejia et al, 2011, Nordqvist et al, 2013. Nordqvist, Wennberg, Baú and Hellerstedt (2013) draw an analogy between the entrepreneurship process and the succession process in the family business, where decisions must be made about entering and exiting a business.…”

“…Nordqvist, Wennberg, Baú and Hellerstedt (2013) draw an analogy between the entrepreneurship process and the succession process in the family business, where decisions must be made about entering and exiting a business. Given this similarity, it is not surprising that the theory of planned behaviour is primarily applied to succession questions in the domain of family business research.…”

Family entrepreneurship as a field of research: Exploring its contours and contents

“…For example, a recent analysis of 117 published articles that reviews succession issues in family firms with an entrepreneurial process perspective, (Nordqvist, Wennberg, Bau', & Hellerstedt, 2013) detects a dearth of theoretical and empirical works on the impact of family factors on succession seen as an entrepreneurial process of entry and exit.…”

The role of management accounting in family business succession

“…Along these lines, Nordqvist et al (2013) emphasise the importance of adopting formal mechanisms that support the succession process, and findings from Cherchem (2017) emphasise the relevance of enhancing formalization and control system in family firms to ensure a long-term entrepreneurial orientation.…”

“…The organized accounting information facilitated the transmission of ideas, values and social interactions between family members and also employees (Nordqvist et al, 2013).…”