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SUCCESION MANAGEMENT IN ROMANIAN SMEs

Author

Listed:
  • Vladislav ROTARU

    (University of Craiova)

  • Laurentiu MIHAI

    (University of Craiova)

  • Radu OGARCA

    (University of Craiova)

Abstract

In this article, we intended to conduct an explorative analysis of how Romanian entrepreneurs relate to the issue of succession in their business. The data was collected through an online questionnaire, which was answered by 70 entrepreneurs. The main aspects investigated were the way in which Romanian entrepreneurs plan their retirement and succession and the preparation of future successors. Following this study, our main conclusion is that the owners of family businesses in Romania don’t yet see this issue as being important.

Suggested Citation

  • Vladislav ROTARU & Laurentiu MIHAI & Radu OGARCA, 2020. "SUCCESION MANAGEMENT IN ROMANIAN SMEs," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(2), pages 135-150, November.
    • Handle: RePEc:aio:manmar:v:xviii:y:2020:i:2:p:135-150
    as

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    File URL: http://mnmk.ro/en/documents/2020_2/3-10-2-20.pdf
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    References listed on IDEAS

    as
    1. Gabriela Doina Stănciulescu & Cezar Scarlat & Aurelian Cojocea, 2019. "Some Cultural Aspects Regarding the Management and Ownership Succession in Romanian Small, Family-owned, Businesses," Conference Proceedings Chapters, in: Kiril Todorov & Jan Degadt (ed.), Youth and Women Entrepreneurship in Challenging International (Global) Business Environment. Proceedings of the Ninth International Conference, 11 – 1, edition 1, chapter 127, pages 221-238, Bulgarian Association for Management Development and Entrepreneurship.
    2. Robert D. Hisrich & Veland Ramadani, 2017. "Entrepreneurial Family Businesses and Succession Management," Springer Texts in Business and Economics, in: Effective Entrepreneurial Management, chapter 11, pages 203-230, Springer.
    3. Schlepphorst, Susanne & Moog, Petra, 2014. "Left in the dark: Family successors’ requirement profiles in the family business succession process," Journal of Family Business Strategy, Elsevier, vol. 5(4), pages 358-371.
    4. Camelia-Daniela Hategan & Ruxandra-Ioana Curea-Pitorac & Vasile-Petru Hategan, 2019. "The Romanian Family Businesses Philosophy for Performance and Sustainability," Sustainability, MDPI, vol. 11(6), pages 1-22, March.
    5. Robert D. Hisrich & Veland Ramadani, 2017. "Effective Entrepreneurial Management," Springer Texts in Business and Economics, Springer, number 978-3-319-50467-4, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    succession; SMEs; family business; successor.;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

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