When Does S(he) Plan to Retire? Antecedents of Retirement Age In Family Businesses

Luis Diaz Matajira; Francisca Sinn; Fernando Sandoval Arzaga; James Davis

When Does S(he) Plan to Retire? Antecedents of Retirement Age In Family Businesses

Diaz-Matajira, Luis ^[1] ; Sinn, Francisca ^[2] ; Sandoval-Arzaga, Fernando ^[3] ; Davis, James ^[4]
1. [1] Universidad de Los Andes
  
  Universidad de Los Andes
  
  Colombia
2. [2] Universidad Adolfo Ibáñez
  
  Universidad Adolfo Ibáñez
  
  Santiago, Chile
3. [3] Instituto Tecnológico y de Estudios Superiores de Monterrey
  
  Instituto Tecnológico y de Estudios Superiores de Monterrey
  
  México
4. [4] Utah State University
  
  Utah State University
  
  Estados Unidos
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Localización: European Journal of Family Business, ISSN-e 2444-8788, ISSN 2444-877X, Vol. 13, Nº. 2, 2023, págs. 182-196
Idioma: inglés
DOI: 10.24310/ejfb.13.2.2023.17034
Títulos paralelos:
- ¿Cuándo planea retirarse? Antecedentes de la edad de retiro en empresas familiares
Enlaces
- Texto completo (pdf)
Resumen
- español
  La intención de retiro de los CEO familiares parece ser crítica para desencadenar el proceso de sucesión. Para una comprensión más completa de la sucesión de liderazgo en las empresas familiares, es importante estudiar los antecedentes de la edad de retiro prevista del CEO familiar. Utilizando una base de datos global, examinamos la edad de retiro de los titulares desde su propia perspectiva como determinante del momento del retiro. Aplicamos la teoría del comportamiento planificado para explorar los factores que afectan la edad de retiro con una perspectiva hacia adelante, utilizando la edad de retiro prevista como antecedente para la edad de retiro efectiva. Nuestros resultados sugieren que los factores individuales de la edad de retiro prevista tienen mayor poder explicativo en la edad de retiro prevista del líder en comparación con los factores de la empresa familiar.
- English
  The family CEOs' intention to retire seems to be critical to trigger the succession process. For a more comprehensive understanding of the leadership succession in family businesses, it is important to study the antecedents of the family CEO's intended retirement age. Using a global database, we examine the incumbents' retirement age from their own perspective as the determinant of retirement timing. We apply the theory of planned behavior to explore factors affecting retirement age with a forward perspective, using the intended age of retirement as an antecedent for effective retirement age. Our results suggest that individual factors of the intended retirement age have stronger explanatory power in leader intended retirement age compared to the family business factors.
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