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CEO turnover in family firms: How social exchange relationships influence whether a non-family CEO stays or leaves
Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
2017 (English)In: Human Resource Management Review, ISSN 1053-4822, E-ISSN 1873-7889Article in journal (Refereed) Epub ahead of print
Abstract [en]

Interpersonal relationships are an important factor in organizations, and a growing number of articles examine how such relationships affect why people stay or leave organizations. In this article, we investigate how affective attachment between actors influences the turnover and retention process of non-family CEOs in family firms. By employing a social exchange perspective, we reveal under which conditions affective attachment come into being. We focus on the relationship between a non-family CEO and two generations of the owner family. Conceptualizing their relationship as an exchange triad, we show how imbalances influence the affective attachment created in this triad and outline the implications for turnover. Our article contributes to the literature on family businesses and turnover by linking the affective side of interpersonal relationships to CEO retention and turnover.

Place, publisher, year, edition, pages
Elsevier, 2017.
Keyword [en]
Turnover, Family firms, Social exchange, Affective attachment
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-35803DOI: 10.1016/j.hrmr.2017.05.006Scopus ID: 2-s2.0-85020069193OAI: oai:DiVA.org:hj-35803DiVA: diva2:1105633
Available from: 2017-06-05 Created: 2017-06-05 Last updated: 2017-07-06

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The full text will be freely available from 2020-06-01 00:00
Available from 2020-06-01 00:00

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Waldkirch, MatthiasNordqvist, MattiasMelin, Leif
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