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Stepping into my shoes: Generativity as a mediator between family business owners' age and family succession

, , and . Ageing and Society, 32 (4): 673-696 (DOI: 10.1017/S0144686X11000547) (2012)

Abstract

The authors investigated generativity – the concern in establishing and guiding the next generation – as a mediator of the relationship between family business owners’ age and succession in family businesses. Data came from  family business owners in Germany from different industries between the ages of  and  years. Results showed that age was positively related to generativity, and that generativity, in turn, positively influenced an objective measure of family succession. Generativity fully mediated the positive relationship between age and family succession. The findings suggest that generativity is an important psycho-social construct for understanding ageing, careers and succession in family business settings.

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