Probing family business succession through the eyes of the leaders
In line with the theme of FERC 2015, this study aims at navigating through the issue of family business sustainability, particularly in overcoming the hurdles associated with transgenerational family business succession. While the opponents of family business have said that family firms would event...
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| Main Authors: | , , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2015
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/18589/1/FERC%202015%201-6.pdf http://repo.uum.edu.my/18589/ http://www.gvsu.edu/ferc/ |
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| Institution: | Universiti Utara Malaysia |
| Language: | English |
| Summary: | In line with the theme of FERC 2015, this study aims at navigating through the issue of family business sustainability, particularly in overcoming the hurdles associated with transgenerational family business succession. While the opponents of family business have said
that family firms would eventually grow up into larger companies run by professionals, separating the management from ownership, there has been evidence showing that keeping management in the family provides competitive advantage that is not easily replicated by nonfamily competitors (Jaskiewicz, Uhlenbruck, Balkin, & Reay, 2013) Proponents of keeping the management within the family simply remind that as a multidisciplinary field, family business study needs to balance the focus of the research in both family and business. (Cicellin, Mussollino, Martinez, & Iacono, 2013; James, Jennings, & Breitkreuz, 2012) Transitioning into professional management would risk losing the competitive advantage that serves family firms
well into generations when it can be transferred into future generations. (Royer, Simons, Boyd,
& Rafferty, 2008) |
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