Leadership Succession and Sustainable Corporate Behavior of Family-run Businesses in Pakistan
Yanling Liu *
Hainan Vocational University of Science and Technology, Hainan, China.
Yun Li
Hainan Vocational University of Science and Technology, Hainan, China.
*Author to whom correspondence should be addressed.
Abstract
This research investigates the effect of leadership succession on sustainable corporate behavior (SCB), particularly highlighting changes in decision-making during inter-generational transitions. it discusses how the involvement of second generation in family run enterprises influence their sustainable corporate behavior. The results point to a greater adverse impact in firms with high levels of marketization and international experience. This study underscores that leadership succession needs to be seen as essential to strategic business planning in a corporation and highlights the need to study sustainable corporate behavior to understand these relationships in depth within the family run enterprises in Pakistani context.
Keywords: Leadership succession, sustainable corporate behavior, strategic business planning, family run enterprises, privatization, international experience