Original Research

The influence of family-related factors on the succession process in small and medium-sized family businesses

E Venter, C Boshoff
South African Journal of Economic and Management Sciences | Vol 9, No 1 | a1154 | DOI: https://doi.org/10.4102/sajems.v9i1.1154 | © 2014 E Venter, C Boshoff | This work is licensed under CC Attribution 4.0
Submitted: 11 July 2014 | Published: 11 July 2014

About the author(s)

E Venter, Nelson Mandela Metropolitan University, South Africa
C Boshoff,

Full Text:

PDF (521KB)

Share this article

Bookmark and Share

Abstract

In this study family-related factors that can influence the succession process in small and medium-sized family businesses are empirically investigated.  The dependent variable in this study is measured by two underlying dimensions, namely satisfaction with the process and continued profitability of the business.  The empirical results indicate that the family-related factors that influence both the aforementioned dimensions are the mutual acceptance of roles, the relationship between the owner-manager and successor, and family harmony.  The continued profitability of the business is also influenced by the agreement to continue the business. The existence of family harmony in itself influences the relationship between the owner-manager and successor, the agreement to continue the business, as well as the mutual acceptance of roles.  The managerial implications of these empirical findings are discussed and recommendations offered.

Keywords

No related keywords in the metadata.

Metrics

Total abstract views: 2191
Total article views: 2375

 

Crossref Citations

1. Family Business Succession: Founders from Disadvantaged Communities in South Africa
Eslyn B.H. Isaacs, Christian Friedrich
Industry and Higher Education  vol: 25  issue: 4  first page: 277  year: 2011  
doi: 10.5367/ihe.2011.0049