The Effect of Confucian Values on Succession in Family Business

2006 ◽  
Vol 19 (3) ◽  
pp. 235-250 ◽  
Author(s):  
Jun Yan ◽  
Ritch Sorenson

This article examines Confucian values and their effect on family business succession. Several implications are drawn. One of these is that Confucianism places family business in a social context in which the interpersonal relationships inside and outside the business family are subject to a variety of environmental influences. Examining family firms in their social context provides more complete understanding of the dynamics underlying choices and activities in family firms.

2016 ◽  
Vol 8 (1) ◽  
pp. 28-47 ◽  
Author(s):  
Silvia Gherardi ◽  
Manuela Perrotta

Purpose – This paper aims to explore gender and legitimacy in family business succession. Design/methodology/approach – Within the theoretical framework of French pragmatic sociology, the authors conceptualise the family business as the locus where two regimes of engagement are present, generating the co-presence of two orders of worth, namely the domestic and the industrial. Taking a processual approach to entrepreneuring, and using case studies of small enterprises in Italy, this paper explores the case of daughters taking over the family firms. Findings – The paper shows how the daughters’ perceived gender inequality in the succession process is justified and how the justification work and the production of legitimacy are accomplished, shifting from one order of worth to the other. Originality/value – The value of the contribution consists in pointing to how gender inequality is reproduced and justified inside the family business. The dual regime of engagement is what justifies the reproduction of a specific gender regime within the family business. Moreover, the paper adds a “gender” perspective to French pragmatist sociology.


2007 ◽  
Vol 10 (2) ◽  
pp. 9-14 ◽  
Author(s):  
Noel D. Campbell ◽  
Kirk H. Heriot ◽  
Dianne H. B. Welsh

Using the family business succession, resourcebased view of firms, familiness, and organizational clan literatures, this article develops a model based on the ability of the family business to use familiness, a specific bundle of attributes deriving from a family’s culture, as a competitive advantage for the family firm. In particular, this resource-based framework of family business shows how familiness can distinguish between family firms that succeed beyond the second generation and those that do not. Implications for future research are discussed.


2008 ◽  
Vol 21 (1) ◽  
pp. 15-30 ◽  
Author(s):  
Susanne Royer ◽  
Roland Simons ◽  
Britta Boyd ◽  
Alannah Rafferty

Succession is a challenge to family businesses for a number of reasons, including the need to address the issue of intergenerational handover. This article focuses on one aspect of succession in family business by investigating when family members are preferred as successors. Results from 860 family businesses indicate that specific (tacit) knowledge characteristics combined with a favorable transaction atmosphere, in certain contexts, make a family member the most suitable successor. A conceptual model is presented that outlines when inside-family succession is preferred.


2021 ◽  
Vol 2021 (1) ◽  
pp. 13906
Author(s):  
Farhad Uddin Ahmed ◽  
Colm O'Gorman ◽  
Roisin Lyons ◽  
Eric Clinton

2020 ◽  
Author(s):  
Jonathan Cho Kin Ng

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.


2018 ◽  
Vol 117 (2) ◽  
pp. 919-951 ◽  
Author(s):  
Luis Cisneros ◽  
Mihai Ibanescu ◽  
Christian Keen ◽  
Odette Lobato-Calleros ◽  
Juan Niebla-Zatarain

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