Different types of strategic renewal by the successor are identified: organizational change, innovation, combined actions and no action. The main assumption is that renewal after succession improves SME post-transfer performance compared to no actions taken. Also, successor’s timing of the...

The last two steps in the succession process - the joint management and withdrawal phases - differ from preceding phases in that they mark the successor's official entry into the family business as future head and the gradual retirement of the predecessor. Alone at the helm until that point,...

Examines the factors that affect the perceived successof the succession process in a family business.For purposes of thisanalysis, a family business is defined as a business in which the same familyhas ownership, intends to pass the business to the next generation, and workstoward the formal or...

Business succession in family firms has been one of the most investigated topic through theoretical, empirical and anecdotal studies (Sharma, 2004). However, we argue that this bulk of literature seems to neglect the role of the most intangible source of competitive advantage of firms:...