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Contradictions between Founders and Successors in Taiwan’s Family Business Inheritance: A Qualitative Study

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  • Cheng-Wen Lee
  • Shu Hui Chen

Abstract

The family business is among the oldest forms of business organization. Taiwan’s family businesses have been continuously operating with family control for decades. This study investigates how to reduce future barriers to succession and especially to focus on the issue related to existing contradictions between founders and successors. This study adopts a qualitative research, carrying out in-depth interviews with four aspects composed of succession plan, connections and conflicts, willingness of successor, and competence of successor, and using four pairs of father and son as our research sample. By exploring how high-quality relationships could be developed between next-generation family businesses’ leaders, the findings result of this study contributes to a finer-grained understanding of successful intergenerational succession in SME family businesses.  JEL classification numbers: B55, C83, L21.

Suggested Citation

  • Cheng-Wen Lee & Shu Hui Chen, 2022. "Contradictions between Founders and Successors in Taiwan’s Family Business Inheritance: A Qualitative Study," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 12(5), pages 1-5.
    • Handle: RePEc:spt:admaec:v:12:y:2022:i:5:f:12_5_5
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    References listed on IDEAS

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    More about this item

    Keywords

    Family business; Inheritance; Succession plan.;
    All these keywords.

    JEL classification:

    • B55 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Social Economics
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm

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