Drawing from social exchange theory, this article explores the founder–successor relationship quality as a mediated pathway in examining the effects of founder–successor value congruence on successor’s willingness to take over the business. Based on survey data from 102 founder–successor dyads, polynomial regression analysis shows that when both a founder and a successor have high value congruence in family prosperity, the relationship quality will be enhanced, which leads to higher successor’s willingness. When there is value incongruence between a founder and a successor, the successor’s family prosperity value has a more important impact on the founder–successor relationship and successor’s willingness.
77th Annual Meeting of the Academy of Management
We integrate insights behavioral theory of the firm, social psychology, and family business literature to examine the role of CEO's financial aspiration in engaging in corrupt transactions. Building on a survey of 196 family firms in China, we found that the relationship between realization extent of CEO's financial aspiration and likelihood of engaging in corruption is inverted U shaped. We also found CEO's religious belief as an important moderator between CEO's financial aspiration and firm-level corruption. Religious belief decreases the CEO's motivation to offer bribes to government officials to achieve short-term economic benefits via strict ethical judgement, which in turn weakens the positive effects of low level achievement of CEO's financial aspiration on family firm's corruption.