The impact of the mother during family business succession: examples from the Asian business community

2004 ◽  
Vol 30 (4) ◽  
pp. 781-797 ◽  
Author(s):  
Shaheena Janjuha‐jivraj
Keyword(s):  
Family Business ◽  
Business Community ◽  
Business Succession ◽  
The Impact ◽  
Family Business Succession

Family Business Succession and Its Impact on Financial Structure and Performance

2010 ◽  
Vol 23 (2) ◽  
pp. 131-147 ◽  
Author(s):  
Vincent Molly ◽  
Eddy Laveren ◽  
Marc Deloof
Keyword(s):  
Growth Rate ◽  
Family Business ◽  
Firm Growth ◽  
First Generation ◽  
Financial Structure ◽  
And Performance ◽  
Business Succession ◽  
The Impact ◽  
Family Business Succession ◽  
Growth Analyses

In this article the authors study the impact of a family business transfer on the financial structure and performance based on a sample of 152 small- to medium-sized businesses. The aim is to identify the effects of a succession by relying on panel data gathered over the period 1991 to 2006 resulting in more than 2,000 firm–year observations. The main findings are that a transfer from the first to the second generation negatively influences the debt rate of the company, whereas in successions between later generations this effect is reversed. With respect to firm growth, analyses indicate that in first-generation companies the growth rate decreases after the transition, whereas in next-generation firms no effect on the growth level can be identified. Finally, no evidence is found that a family firm's profitability is affected by succession, which shows that a transfer should not necessarily be seen as a negative event in the life cycle of a family business.

An evaluation of key determinants preventing intra-family business succession

2016 ◽  
Vol 6 (1) ◽  
Author(s):  
Archie Lockamy ◽  
Charles M Carson ◽  
Franz T Lohrke
Keyword(s):  
United States ◽  
Family Business ◽  
Design Methodology ◽  
The United States ◽  
Principle Components Analysis ◽  
Study Results ◽  
Business Succession ◽  
The Impact ◽  
Family Business Succession ◽  
Intra Family

Purpose The purpose of this study is to identify the key determinants which inhibit intra-family business succession. The study also explores the effects these determinants have on preventing intra-family business succession. Finally, the study explores the probability that intra-family business succession does not take place based upon the effects of the identified determinants. Design/methodology/approach A total of 250 surveys were mailed to family business owners across the United States, yielding 68 usable responses (27.2% response rate). Factor analysis was used to determine the most influential factors which inhibit intra-family business succession, and Bayesian Networks were constructed to determine the probability that intra-family business succession does not occur based on these factors. Findings The study results indicate that there are four key constructs comprised of 23 variables which have the most influence on deterring intra-family business successions. The results also suggest managerial actions that can be taken to improve the probability of intra-family business succession. Research limitations/implications A possible research limitation is that the survey respondents may not represent the entire cross-section of family-owned business in the United States. Additionally, the impact of company size, age, industry, and other demographic factors were not considered in the analysis of results. Finally, the selection of the key determinants was made based upon the highest value extracted from the principle components analysis. Combining these variables with other relatively high values may lead to different results. Originality/value The empirical findings contained in this study demonstrate that process, context, and governance factors have the largest effect on increasing the probability that intra-family succession does not take place. Additionally, the results of this study suggest several managerial actions that can be taken to improve the probability of intra-family business succession. Thus, the results of this study can be used by practitioners to assist them in intra-family business successions. The results can also be used by researchers as a basis for conducting additional empirical studies in this area.

scholarly journals Business succession and its impact on change management in family businesses

2021 ◽  
Author(s):  
◽  
Julius Wilhelm Bornschein
Keyword(s):  
Change Management ◽  
Family Business ◽  
Building Materials ◽  
Family Businesses ◽  
Change Implementation ◽  
Home Improvement ◽  
Actual Change ◽  
Business Succession ◽  
The Impact ◽  
Family Business Succession

The thesis “Family Business Succession and Its Impact on Change Management” aims to discover whether business succession and the business transition accompanying it has an impact on the implementation and management of change in family firms. It focuses on medium-sized family businesses in the wholesale building materials and home improvement retail industry in Germany. Although there is a plenty of research into the two study fields—change management and family business succession—research into the combination of both topics, especially the impact of one on the other, is rather limited. Therefore, this thesis aims to contribute to theory by reducing the gap in research into the combination of the two study areas. Furthermore, it addresses additional research needs and aims to enlighten the research gap by providing ideas with additional research needs. Especially in family businesses, business transition and internal changes are significant due to high failure rates in family business successions. Change management, however, is mainly connected throughout the research to changes resulting from changing markets and changing customer demands. Nevertheless, external change also requires internal adaptation in companies. With a focus on the wholesale building materials and home improvement retail industry in Germany, interviews are conducted with family business successors and predecessors concerning the business succession process and the implementation of change within the company over the period of the succession process. General ideas and findings from the data collection section are cross-checked with existing literature for the two fields individually first. Then, the results are merged in a chapter about the impact of business succession on change management in the final part of this research. The research results show that a differentiation between propensity towards change implementation and the actual change implementation must be made. There is a higher propensity towards change implementation among family business successors. Thus, the actual change implementation and the success of implementing change is furthermore dependent on other variables, such as employee base and culture, the predecessor’s and successor’s visions and ideas, financial aspects, and the successor’s human capital.

Exploring the Role of National Gender Inequality in Female Family Business Succession Intentions

2021 ◽  
Vol 2021 (1) ◽  
pp. 13906
Author(s):  
Farhad Uddin Ahmed ◽  
Colm O'Gorman ◽  
Roisin Lyons ◽  
Eric Clinton
Keyword(s):  
Gender Inequality ◽  
Family Business ◽  
Business Succession ◽  
Family Business Succession

scholarly journals Factors Affecting Family Business Succession in the Food Hawking Business in Malaysia

2020 ◽  
Author(s):  
Jonathan Cho Kin Ng
Keyword(s):  
Family Business ◽  
Family Members ◽  
Theoretical Aspect ◽  
Survey Study ◽  
Kuala Lumpur ◽  
Factors Affecting ◽  
The Difference ◽  
Business Succession ◽  
Family Business Succession ◽  
Potential Moderator

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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