Succession Intentions Across the Globe: The Role of Institutional Factors

While succession intentions have received increasing scholarly attention in recent years, there is a lack of knowledge about country-level antecedents and differences. Our paper aims to close this gap by investigating succession intentions of 6,360 students with family business background from 26 countries. More specifically, we blend theory of planned behavior with institutional theory and find that institutional variables such as individualism, uncertainty avoidance, and the level of corruption explain the formation of succession intentions over and above traditional theory of planned behavior elements. In addition, we reveal a U-shaped relationship between a nation's level of economic development and the strength of succession intentions. This indicates the existence of two types of succession intentions: necessity and opportunity succession. These findings add valuable insights to literature on family businesses, succession, theory of planned behavior, and practice.

Aussichten der freien Schulwahl. Die globale pädagogische Reformbewegung im Härtetest der direkten Demokratie

Weltweit ist eine Angleichung von Bildungsreformen zu beobachten, was im Begriff der globalen pädagogischen Reformbewegung zum Ausdruck kommt. Obwohl die Bedingungen, unter denen sich Nationalstaaten einer pädagogischen Weltkultur angleichen, in jüngster Zeit vermehrt untersucht wurden, ist über die politischen Mechanismen, die über die Rezeption globaler Modelle befinden, wenig bekannt. Anhand einer Fallstudie aus der Schweiz, deren System der direkten Demokratie besonders geeignet scheint, politische Transformationsprozesse zu untersuchen, wird die Auseinandersetzung um die Einführung der freien Schulwahl, wie sie durch verschiedene Volksinitiativen ausgelöst wurde, rekonstruiert. Die Studie zeigt, dass ein neoinstitutionalistischer Ansatz geeignet sein kann, die Rezeption globaler Reformmodelle zu erklären, sofern er um eine akteurtheoretische Perspektive ergänzt wird und die Besonderheiten des lokalen politischen Systems berücksichtigt werden. In methodischer Hinsicht ergibt sich, dass bei der Untersuchung globaler Angleichungsprozesse vier Referenzpunkte zu beachten sind, nämlich Staat, Markt, Öffentlichkeit und Wissenschaft

What drives adult personality development? A comparison of theoretical perspectives and empirical evidence

Increasing numbers of empirical studies provide compelling evidence that personality traits change across the entire lifespan. What initiates this continuing personality development and how does this development proceed? In this paper, we compare six theoretical perspectives that offer testable predictions about why personality develops the way it does and identify limitations and potentials of these perspectives by reviewing how they hold up against the empirical evidence. While all of these perspectives have received some empirical support, there is only little direct evidence for propositions put forward by the five-factor theory of personality and the theory of genotype→environment effects. In contrast, the neo-socioanalytic theory appears to offer a comprehensive framework that fits the empirical findings and allows the integration of other, more specialized, perspectives that focus on specific aspects of personality development like the role of time, systematic differences between categories of social roles or the active partake of the person himself or herself. We draw conclusions on the likely driving factors for adult personality development and identify avenues for future research.

Inseparable, incapable, or invisible: Why public organizations award no-bid contracts

No-bid contracting is a highly prevalent practice in public procurement of technology services. Alt-hough no-bid contracting is a substantial problem since it reduces competition and welfare, the litera-ture lacks theoretical explanations and empirical tests for why public organizations award no-bid con-tracts. In this paper, we propose three theoretical explanations for no-bid contracting, drawing on transaction cost economics, organizational learning, and institutional theory. We also present how we test these explanations using a comprehensive sample of public procurement transactions. We expect to contribute theoretical explanations for no-bid contracting and practical implications for policy-makers.

Intergenerational Transfer of Family Firm Control: Discount Expectations of Potential Successors

Building on institutional theory and family sociology literature we explore the logics that underlie the formation of transaction price expectations related to the intergenerational transfer of corporate ownership in private family firms. By probing a sample of 3'487 students with family business background from 20 countries we show that next generation family members expect to receive a 56.58% discount in comparison to some nonfamily buyer (i.e. the family discount) when taking over the parent's firm. We also show that the logic underlying the formation of family discount expectations is characterized by parental altruism, filial reciprocity, filial decency and parental inducement. These norms embrace both the family and market logics and accommodate the duties and demands of children and parents in determining a fair transfer price. These findings are important for institutional theory as well as for family business and entrepreneurial exit literatures.