Was ist der aktuelle Diskussionsstand zu den prägenden Themen im Handwerk und welche Meinung hat ChatGPT dazu? ChatGPT und vergleichbare Chatbots verändern strukturell wissensintensive Tätigkeiten, indem Prozesse der Wissensaggregation und -darstellung in erheblichem Maße vereinfacht werden....

For family business advisors and consultants, the analysis of their client's shared narrative helps them understand their business and family dynamics and the reality they have built together. Understanding the language of family mythology and the behavior of the narrative processes, can help...

This study focuses on the emotional climate of family firms. In particular, we highlight the expression of emotions by emphasizing the phenomenon of emotional dissonance within these firms. Emotional dissonance, a person-role conflict, originates from the discrepancy between expressed and...

The often long-lasting process of intrafamily business succession involves contracts for management and ownership transfer that unfold in a complex series of stages. The older and larger a family business, the more heterogeneous the involved family members' interactions and interests can become....

In Australia, consecutive Federal governments have acknowledged the contribution of small businesses to the economy, and they have introduced tax concessions to try to assist them. A recent concession that aims to reduce the regulatory compliance encountered by small businesses is the Small...

Although some view the hiring of interim executives as evidence of poor governance, this practice is becoming increasingly common. Because interims represent 15 to 20 percent of all chief financial officer (CFO) appointments and because CFOs are central to financial reporting and strategic...

This is the online appendix for 'Family Feud: Succession Tournaments and Risk-taking in Family Firms' available at http://ssrn.com/abstract=2703571.We identify succession as a novel determinant of risk-taking in family firms. We find significantly higher risk-taking (M&A and cash flow...

We examine private equity (PE) firms’ minority stake sales and the impact of these sales on agency frictions with fund investors. PE firms that have sold minority stakes – primarily to other PE firms – oversee 27% of PE Assets Under Management in 2020. PE firms with strong fundraising and...

Several empirical investigations indicate that family firms are more innovative under the founding generation's leadership and become less innovative in later stages, while others state the opposite. Within this debate, limited attention has been devoted to understanding how intra-family...

Generational transfer is a risky point in the life cycle of any family business, and thus the succession process should not be underestimated. Family businesses in Slovakia began to appear after 1989, and therefore many of them await the process of generational exchange in the coming years. For...

One of the most significant challenges facing family businesses, and therefore the most studied, is how to successfully manage succession from one generation to the next. The purpose of this article is to allow the vast quantity of evidence and experience to be contextualised, and enable a...

The objective of the study is to contemplate the effectiveness of hierarchical CEO succession and hierarchical CEO succession intensity on SOEs & Non-SOEs performance separately. Meanwhile, the impact of hierarchical CEO succession on cash holdings has also been analysed. The authenticated data...

Family businesses contribute more than 50% of Gross Domestic Product in global economy, though, only 13 percent of family businesses survive through third generation. Family business succession is a key to reduce the failure rate and leads to sustainable business. Recent literatures have...

This paper analysed the roles of Effective Succession Planning and Management for Organizational Development and the various methods to involved. Data were collected, collated analysed using qualitative, quantitative methods and descriptive statistics i.e. simple percentage and frequency...

This paper examines the determinants of inter vivos (lifetime) transfers of ownership in German family firms between 2000 and 2013. Survey evidence indicates that owners of larger firms, and firms with strong current business conditions, transfer ownership at higher rates than others. When a...

Diese Dissertation untersucht drei unterschiedliche Themen im Bereich der Kontrollstrukturen und des Kontrolltransfers in Familienunternehmen. Vor dem Hintergrund des übergreifenden Themas widmet sich jede der drei Studien, aus denen diese Dissertation besteht, einer spezifischen und...

Family firms make a significant contribution to wealth creation. Despite the proliferation of large corporations, the model remains in place. The peculiarities of the company-family relationship mean that these organizations are managed in a particular way and differently from those with a...

Family businesses face a succession crisis where only 13% survive until the third generation (Lee-Chua, 2014). While there is sufficient literature on family business succession planning , research on the motivations behind next-generation engagement in family firms, especially for...

Regulators, credit rating agencies, and securities analysts consider poor succession planning a significant business risk. However, there is surprisingly little academic research about how succession planning affects CEO turnover decisions. Using comprehensive data for U.S. public firms, we...

We examine the dynamics of firms' internal succession methods and find that horse race successions are common among the largest U.S. firms. Although heir and horse race CEO candidates are of similar quality, the consequences of these two succession methods differ significantly. We show that...

The objective of the current study is to test the impact of succession planning (cognitive, structural, and relational ties), strategic flexibility, and organizational improvisation towards the business sustainability considering the triple bottom line as underpinning theory. The survey method...