Employment stability is crucial to social harmony and individual well-being. This study empirically analyzes whether the succession plan adopted by a family business can achieve the goal of stable employment and explores potential mechanisms at the individual level of entrepreneurs. This paper...

Sons succeed their exiting CEO parents more often than daughters. How do entrepreneurial families reach this gender imbalance, and how does it affect the prospects of their firms and their offspring? Using Finnish administrative data on firms linked to population register data on shareholders...

Sons succeed their exiting CEO parents more often than daughters. How do entrepreneurial families reach this gender imbalance, and how does it affect the prospects of their firms and their offspring? Using Finnish administrative data on firms linked to population register data on shareholders...

Japanese family businesses are among the oldest in the world and many of them prove a history record of 200 years and more. Research on several case studies of century old firms ('shinise') in Japan reveal three factors as secrets of their longevity: (1) the Japanese family system ('ie') favours...

While prior literature suggests that family firms with a positive corporate image are associated with superior financial performance, their effectiveness in creating firm brand value is not well understood. In this paper, we use Interbrand's global brand value data published between 2001 and...

This article analyses how familiness influences the evolution of entrepreneurial actions undertaken by new-generation family leaders. Despite the recognised importance of familiness in family firms' entrepreneurship, the mechanism by which it influences transgenerational entrepreneurship during...

Due to the increasing globalization of today's world, descendants of family firms are often drawn to the unlimited opportunities outside their premises and no longer see their future workplace or the core of their identity within the family organization. However, this can lead to a rude...

While existing research on business successions stresses the importance of the economic situation of family business in this context, research on women's entrepreneurship, however, suggests that women-led businesses may be less economically attractive for potential successors because of...

This study aims to investigate the occurrence of conflicts in family businesses, particularly focusing on their impact on founder behavior and organizational culture. Conducted in Bosnia and Herzegovina, the research employs a qualitative methodology to gain an in-depth understanding of...

Purpose Industrial robots are of great significance to the long-term development of family firms. Drawing on the lens of the principal-principal conflict, this paper aims to investigate the influence of family non-executive directors on robot adoption in Chinese family firms....

We study the effects of family control on CEO pay from the perspective of behavioral agency model (BAM), with particular focus on family firm's generational stage and CEO family ties. Using a panel of Australian listed firms, we find that family firms present lower total and variable CEO pay,...

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....

In Closer Look, we highlight significant “holes” in our knowledge of corporate governance. These are central issues where insufficient or inadequate study has left us unable to answer basic questions, and where key assumptions relied upon by experts have not been verified or validated. While...

This article contributes to the understanding of why some management experiences of non-family CEOs (NF-CEOs) in privately-owned family firms (POFFs) are successful while others are not. It uses the flexible pattern matching technique to examine seven case studies of POFFs with different...

Introduction -- Regulation -- Theory -- Chairperson Succession Planning -- Methodology and Empirical Research -- Qualitative Paradigm -- Quantitative Paradigm -- Research Contribution and Conclusion -- References.

Family-owned bakeshops have become part of the Filipino lifestyle among local neighborhoods. These businesses are under the micro, small, and medium enterprises (MSMEs). Using Venter, Boshoff, and Maas Successor related factors theory, the study determines the perception of family-owned...

Der nächsten Unternehmergeneration fehlt es nicht an der familienunternehmerischen Grundhaltung, aber sie hat auch einige Sorgen. Die Studie der Stiftung Familienunternehmen "Deutschlands nächste Unternehmergeneration" wurde zum sechsten Mal erstellt vom Friedrichshafener Institut für...

We examine the relation between ownership structure and M&A target selection when family firms pursue public firm acquisitions. We find that family firm acquirers select targets that have lower Tobin’s Q relative to non-family acquirers. Our results suggest that family firms choose to acquire...

Purpose - The aim of this research is to analyze empirical evidence of the effect of governance structure (GS) on perceived success of the succession process. It is also reported that in India, family firms have a more informal organization structure and governance and have an informal and...