Family Business Succession Planning: Unleashing The Key Factors Of Business Performance
Family business studies are becoming more pervasive in Malaysia, and several studies have focused on factors that shape family-owned business performance levels. Succession planning issues, and specifically the succession issues and experiences of second or third generation family business owners...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Asian Academy of Management (AAM)
2015
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| Subjects: | |
| Online Access: | http://eprints.usm.my/36644/1/aamj20022015_5.pdf http://eprints.usm.my/36644/ http://web.usm.my/aamj/20022015/aamj20022015_5.pdf |
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| Summary: | Family business studies are becoming more pervasive in Malaysia, and several studies
have focused on factors that shape family-owned business performance levels. Succession
planning issues, and specifically the succession issues and experiences of second or third
generation family business owners (2GO/3GO), have not yet been explored at length.
This study aims to revisit various factors that shape family firm performance by
examining succession issues and transition experiences encountered by successors. Data
were drawn from self-administered surveys completed by 55 2GOs and 3GOs.
Descriptive, correlation and regression analyses were conducted to interpret our
findings. The findings show that management styles, relationships between family
members, values and beliefs and successor training significantly influence family
business performance levels. The relationship between antecedents and business
performance is found to be partly mediated by succession issues and fully mediated by
sucession experience. Both theoretical and practical implications and avenues for future
research are discussed. |
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