@inbook{c717743fa70a4ff9acd108bffabb01c8,
title = "PERFORMANCE LAGS AND GAPS DURING FAMILY BUSINESS SUCCESSION The Dual Inefficiency of Succession Discontinuity and Lower Initial Postsuccession Performance",
abstract = "This study extends prior research, which has primarily considered succession as a single continuous process and paid less attention to the fact that there are key inefficiencies associated with a separated and discrete succession process that can be defined and categorized into distinct phases. More specifically, this chapter relying on the theoretical construct of the family business life cycle and the particular stage during which the succession occurs, examines 2 critical emerging inefficiencies resulting in performance loss during the Succession process in family owned businesses, namely, the inefficiencies of succession discontinuity and lower initial postsuccession performance. We also introduce the notion of succession moderators, which have a significant impact on the intensity of these 2 distinctive succession inefficiencies. Finally, we propose a mathematical model that call assess the impact of the succession moderators oil the succession inefficiencies enhancing or lowering a family firm's overall performance.",
keywords = "Model, Firms",
author = "Sigalas, {Christos R.} and George Chondrakis and Anastasios Zaharopoulos and Vozikis, {George S.} and JE Butler",
year = "2008",
month = jan,
language = "English",
isbn = "978-1-59311-551-7",
series = "Research In Entrepreneurship And Management",
publisher = "Information Age Publishing (IAP)",
pages = "231--260",
editor = "PH Phan",
booktitle = "Theoretical Developments And Future Research In Family Business",
address = "United States",
}