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.

Succession and Governance Across Generations: A Comparative Study of the United States and Italy

1999 ◽  
Vol 2 (2) ◽  
pp. 47-56
Author(s):  
Alberto Zanzi ◽  
Colette Dumas
Keyword(s):  
United States ◽  
Comparative Study ◽  
Family Business ◽  
Business Management ◽  
The United States ◽  
Italian Family ◽  
Management Succession ◽  
Key Aspects ◽  
The Impact

This comparative study of American and Italian family-owned firms focuses on two key aspects of family business management: succession and governance. This study also explored the impact of generation on these variables.

New jerseys: exploring the influence of NBA team jersey sponsorships on teams and sponsors

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sara Shoffner ◽  
Mark Slavich ◽  
Gi-Yong Koo
Keyword(s):  
United States ◽  
North American ◽  
Design Methodology ◽  
The United States ◽  
National Basketball Association ◽  
Future Research ◽  
Sport Sponsorship ◽  
Content Type ◽  
Sport League ◽  
The Impact

PurposeIn 2017, the National Basketball Association (NBA) became the first major professional North American sport league to adopt jersey sponsorship. While professional leagues across the globe have allowed this practice for decades, the NBA's decision marked what may be the start of a new trend in North American sport sponsorship. With this in mind, the current study sought to assess the impact of fans' perceptions of these sponsorships on sponsor- and team-related outcomes.Design/methodology/approachAn online sample of 301 NBA fans across the United States was conducted through Amazon's MTurk.FindingsResults exhibited the importance of sponsorship authenticity, which maintained the strongest influence on sponsor- and team-related outcomes. Brand–team fit, sponsorship familiarity and sponsorship identification were also assessed, with mixed results for each factor.Originality/valueResults of these findings related to sponsorship authenticity and consequent practical and theoretical implications are discussed, and areas for future research are provided.

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.

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.

scholarly journals The DiSCover Project: Protocol and Baseline Characteristics of a Decentralized Digital Study Assessing Chronic Pain Outcomes and Behavioral Data

2021 ◽  
Author(s):  
Jennifer L Lee ◽  
Christian J Cerrada ◽  
Mai Ka Ying Vang ◽  
Kelly Scherer ◽  
Caroline Tai ◽  
...  
Keyword(s):  
Quality Of Life ◽  
United States ◽  
Heart Rate ◽  
Chronic Pain ◽  
The United States ◽  
Behavioral Data ◽  
Behavioral Characteristics ◽  
Study Results ◽  
The Impact

Background: Chronic pain affects approximately 50 million adults in the United States and impacts mood, everyday functioning, and quality of life. The challenges of analgesic clinical trials and, therefore, the approval of new non-opioid analgesics, are based in part on a fundamental lack of understanding of those outcomes that are relevant to an individual's overall functioning. Objectives: To determine the behaviors and health outcomes associated with chronic pain. This manuscript presents an overview of the study design, baseline health and behavioral characteristics of our sample, and preliminary findings of how behavioral characteristics differ between individuals with and without chronic pain. Methods: The study is a decentralized digital longitudinal cohort study of 10,036 individuals (5,832 with chronic pain [CP] and 4,204 with no chronic pain [NCP), age 18 years or older, living in the United States. The study period was one year. Data were collected from wearable activity trackers and health or fitness mobile applications to capture passively collected behavioral data including steps, sleep, and heart rate. Patient-reported outcomes on mood and pain, including the BPI-SF, PHQ-9, and GAD-7, were collected at various timepoints during the study. Results: The data suggest greater levels of depression and anxiety, lower quality of life, less physical activity, more variable sleep, and higher resting heart rate are associated with CP. Conclusions: The longitudinal data from the larger study will yield substantial contributions to the body of literature in chronic pain, particularly in delineating relational and causal factors relevant to the impact of chronic pain, and potential development of a digital biomarker to assess and monitor patients' everyday experience with chronic pain.

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