Article "Heroes of the Green Room" appeared

We are pleased to announce the publication of the article written by Dennis M. Steininger, Baris Istipliler, Jan-Philipp Ahrens, Annegret Hauer and Michael Woywode entitled "Heroes of the Green Room - How able successors revitalize and reinvent family firms" in the Journal of Small Business Management.

Abstract
Drawing on contingency and upper echelon theories, this study conceptualizes family firm CEO succession as a special window of opportunity for the new generation to reinvent and rejuvenate the firm and restore the environment-organization fit that had often deteriorated pre-succession. We argue that CEO-related human capital enables successors to identify and amend misfits, allowing them to re-chart an organization’s course to enhanced performance, especially when the misfit is marked by a turnaround situation. Based on a quantitative analysis of 804 German firms and 31 qualitative interviews, we find support for these coherences and contribute to contingency and upper echelon theories.

Reference: Istipliler, B., Ahrens, J.-P., Hauer , A., Steininger, D. M., and Woywode, M. 2023. "Heroes of the Green Room - How able successors revitalize and reinvent family firms" Journal of Small Business Management (https://doi.org/10.1080/00472778.2022.2161554).

Link:https://www.tandfonline.com/doi/full/10.1080/00472778.2022.2161554 (Open Access)

About the Journal: The Journal of Small Business Management (JSBM) is rated B by the German Academic Association for Business Research (VHB) in JOURQUAL3.