Family Business Succession Risks: The Croatian Context

Abstract Food hawking businesses around the world largely contribute to the economy of countries and provides much needed jobs that feed employment, even though earnings are low. The food hawking business in Malaysia is under threat of extinction due to the reluctance of the next generation in taking over the food hawking businesses from the elderships. As research in the area of family business succession is scarce, this study serves to add to the theoretical aspect of the area. The purpose of this study was to analyse the effects of vending environment, operating hours, successor willingness, relationship among family members and preparation level of heir on the intention of family succession in the food hawking business in Malaysia. Leader’s approval was also studied as a potential moderator. The methodology used was a questionnaire survey study design with a sample size of 208, respondents were obtained via convenience sampling from Kuala Lumpur and Penang as hawkers are abundant in these two locations. Findings show that vending environment, successor willingness, relationship among family members and preparation level of heir have a significant effect on the intention of family succession in the food hawking business in Malaysia. Leader’s approval was found to be insignificant as a moderator. Operating hours was not significant, possibly due to the difference in importance placed by Malaysian hawkers in succession.

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Bibliometric study of family business succession between 1939 and 2017: mapping and analyzing authors’ networks

Scientometrics ◽

10.1007/s11192-018-2889-1 ◽

2018 ◽

Vol 117 (2) ◽

pp. 919-951 ◽

Cited By ~ 14

Author(s):

Luis Cisneros ◽

Mihai Ibanescu ◽

Christian Keen ◽

Odette Lobato-Calleros ◽

Juan Niebla-Zatarain

Keyword(s):

Family Business ◽

Bibliometric Study ◽

Business Succession ◽

Family Business Succession

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A suitable boy? Gendered roles and hierarchies in family business succession

European Management Review ◽

10.1111/emre.12298 ◽

2018 ◽

Vol 16 (3) ◽

pp. 579-596 ◽

Cited By ~ 7

Author(s):

Janice Byrne ◽

Salma Fattoum ◽

Sarah Thébaud

Keyword(s):

Family Business ◽

Gendered Roles ◽

Business Succession ◽

Family Business Succession

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Perceived Parental Care and Next-Generation Family Members’ Succession Intentions: The Sequential-Mediating Role of General Self-Efficacy and Perceived Person-Job Fit

Management and Organization Review ◽

10.1017/mor.2021.52 ◽

2021 ◽

pp. 1-39

Author(s):

Fei Zhu ◽

Haibo Zhou

Keyword(s):

Family Business ◽

Self Efficacy ◽

Parental Behavior ◽

Family Members ◽

Next Generation ◽

Job Fit ◽

Generation Family ◽

Business Succession ◽

General Self Efficacy ◽

Family Business Succession

ABSTRACT Whereas the existing literature on the relationship between parental behavior and family business succession mainly focuses on parental behavior in the business domain, we highlight the importance of parental behavior in the family domain. Integrating attachment theory, the family business succession literature, and person-job fit literature, our study proposes a theoretical framework hypothesizing that general self-efficacy and perceived person-job fit mediate the association between perceived parental care (an underrepresented family-domain-specific parental behavior) and next-generation family members’ succession intentions. This framework is tested by data from two surveys and further verified by qualitative interviews of next-generation family members. Multivariate analysis results suggest that next-generation family members’ general self-efficacy and perceived person-job fit played a sequential-mediating role in the relationship between perceived parental care and next-generation family members’ succession intentions. Our interviews not only confirm these results but also reveal new insights, particularly into the specific Chinese context in the study of family business succession.

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Family Business Succession in Different National Contexts: A Fuzzy-Set QCA Approach

Sustainability ◽

10.3390/su11226309 ◽

2019 ◽

Vol 11 (22) ◽

pp. 6309 ◽

Cited By ~ 2

Author(s):

José António Porfírio ◽

Tiago Carrilho ◽

Joseph Hassid ◽

Ricardo Rodrigues

Keyword(s):

Family Business ◽

Fuzzy Set ◽

Qualitative Comparative Analysis ◽

Family Businesses ◽

Expectation States ◽

Succession Plan ◽

Limited Applicability ◽

Expectation States Theory ◽

Business Succession ◽

Family Business Succession

Family business succession is a key topic that has attracted considerable attention from researchers, especially in the last decade. Most research, however, is based on case studies with limited applicability and fails to present comparisons across international contexts that highlight differences in succession processes. We apply expectation states theory to analyze a sample of 128 observations in two Southern European countries, Portugal and Greece. We study configurations of successors’ characteristics, family business characteristics, the existence (or absence) of a succession plan, and successors’ motivation to succeed. Our aim is to reveal how these issues affect successors’ perceptions of preparation for succession using fuzzy-set qualitative comparative analysis (fsQCA). Family businesses are a dominant organizational form all over the world, and succession issues are critical for the sustainability of family businesses. Our findings suggest that different configurations of conditions influence successors’ perceptions of preparation for family business succession. Moreover, we verify the influence of cultural differences on these processes. This research helps fill a gap in the literature, showing the role of a set of characteristics in successors’ perceptions of preparation for family business succession. Our conclusions provide insight into the types of policies that can promote successful family business succession.

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Family Business Succession

10.1007/978-1-137-51208-6 ◽

2011 ◽

Cited By ~ 7

Author(s):

Craig E. Aronoff ◽

Stephen L. McClure ◽

John L. Ward

Keyword(s):

Family Business ◽

Business Succession ◽

Family Business Succession

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Cultural values and their implications to family business succession

Journal of Family Business Management ◽

10.1108/jfbm-03-2019-0017 ◽

2019 ◽

Vol 10 (4) ◽

pp. 281-292 ◽

Cited By ~ 2

Author(s):

Grisna Anggadwita ◽

Werda Bagus Profityo ◽

Dini Turipanam Alamanda ◽

Anggraeni Permatasari

Keyword(s):

Cultural Values ◽

Family Business ◽

Family Businesses ◽

Chinese Family ◽

Content Type ◽

The Family ◽

Succession Process ◽

Business Succession ◽

Family Business Succession ◽

Practical Implications

Purpose The family business is one of the business entities that contribute to the economy of a country. Succession in the family business occupies a strategic position, especially in maintaining the company’s sustainability. The Chinese family business has unique characteristics in maintaining and growing its business with the cultural values that underlie how their business. The purpose of this paper is to discuss the cultural values of Chinese ethnic and their implications in the succession process in small family businesses in Bandung, Indonesia. Design/methodology/approach This research uses a qualitative method with the in-depth interview method as a data collection technique. The sampling technique uses purposive sampling, while to test the validity of research data using a triangulation technique. A total of four small Chinese-owned family businesses participated as informants in this study. The study will identify the stage of succession process in the Chinese family business. Findings There are several stages identified in the succession planning of small Chinese-owned family business in Bandung which include succession antecedents, succession activities and desired outcomes. The results showed that small Chinese-owned family business in Bandung has not applied the rules and procedures in the succession process. Most of the Chinese family business in this research still holds Confucianism culture; they prioritize boys as business successors, who have a greater responsibility rather than successor with other gender. Practical implications Several implications are discussed. One of them is the Chinese family business holding cultural values in the process of family business succession. Originality/value This research is expected to provide theoretical and practical implications for academics and family companies with similar cases.

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