Proceedings of the International Conference on Intellectuals’ Global Responsibility (ICIGR 2022)

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CEO Succession and Strategic Initiatives: The Key to Improving Family Company Performance

Authors
L. Meiliani Shara Suria1, Sari Wahyuni1, *
1Universitas Indonesia, Depok, Indonesia
*Corresponding author. Email: sari.wahyuni@ui.ac.id
Corresponding Author
Sari Wahyuni
Available Online 22 May 2023.
DOI
10.2991/978-2-38476-052-7_63How to use a DOI?
Keywords
CEO succession; strategic initiatives; socioemotional wealth; resources; firm performance
Abstract

This study aims to examine the impact of CEO succession on strategic initiatives, socio-emotional wealth (SEW), and company performance in family companies. The survey method was employed, and data were collected from 98 company management respondents using a questionnaire. Partial Least Square (PLS) Structural Equation Modeling (SEM) was used to analyze the data. The results show that CEO succession has a significant influence on strategic initiatives and SEW. However, there was no direct effect of CEO succession on company performance. The mediation of strategic initiatives can mediate the relationship between CEO succession and company performance, whereas SEW cannot. This study contributes to the theoretical development of strategic management and managerial realization for companies in Indonesia.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Intellectuals’ Global Responsibility (ICIGR 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
22 May 2023
ISBN
978-2-38476-052-7
ISSN
2352-5398
DOI
10.2991/978-2-38476-052-7_63How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - L. Meiliani Shara Suria
AU  - Sari Wahyuni
PY  - 2023
DA  - 2023/05/22
TI  - CEO Succession and Strategic Initiatives: The Key to Improving Family Company Performance
BT  - Proceedings of the International Conference on Intellectuals’ Global Responsibility (ICIGR 2022)
PB  - Atlantis Press
SP  - 577
EP  - 586
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-052-7_63
DO  - 10.2991/978-2-38476-052-7_63
ID  - MeilianiSharaSuria2023
ER  -