Factors influencing family business succession

Michael H. Morris (Graduate School of Business, University of Cape Town, Cape Town, South Africa)
Roy W. Williams (The Williams Group, Stockton, California, USA)
Deon Nel (Graduate School of Business, University of Cape Town, Cape Town, South Africa)

International Journal of Entrepreneurial Behavior & Research

ISSN: 1355-2554

Publication date: 1 December 1996

Abstract

Classifies controllable or internal factors influencing family business transitions into three groups: preparation level of the heirs, family relationships, and planning and control activities. To assess the impact of each set of factors on the ease of generational transitions and subsequent family business performance, a cross‐sectional survey was directed at owner/ managers of second‐ and third‐generation family businesses. Suggests that, in successful transitions, heirs are reasonably well‐prepared, family relationships tend to be positive, and succession planning and related control activities are relatively informal. Of these three, trust and communication in family relationships appears to have the most significant impact on transitions. Draws managerial implications and makes suggestions for ongoing research.

Keywords

Citation

Morris, M., Williams, R. and Nel, D. (1996), "Factors influencing family business succession", International Journal of Entrepreneurial Behavior & Research, Vol. 2 No. 3, pp. 68-81. https://doi.org/10.1108/13552559610153261

Download as .RIS

Publisher

:

MCB UP Ltd

Copyright © 1996, MCB UP Limited

Please note you might not have access to this content

You may be able to access this content by login via Shibboleth, Open Athens or with your Emerald account.
If you would like to contact us about accessing this content, click the button and fill out the form.
To rent this content from Deepdyve, please click the button.