IDEAS home Printed from https://ideas.repec.org/a/wsi/jecxxx/v09y2001i04ns0218495801000213.html
   My bibliography  Save this article

Entrepreneurial Succession, Firm Growth And Performance

Author

Listed:
  • JOHN E. BUTLER

    (Department of Management, The Hong Kong Polytechnic University, Hong Kong, China)

  • PHILLIP H. PHAN

    (Lally School of Management and Technology, Rensselaer Polytechnic Institute, USA)

  • BORJE O. SAXBERG

    (Department of Management and Organization, University of Washington, USA)

  • SOON HOON LEE

    (Lally School of Management and Technology, Rensselaer Polytechnic Institute, USA)

Abstract

This research examines business succession in small firms by presenting and testing a succession outcome decision model that is affected by the impact of family, performance, and strategy. Succession has been seen as an important issue in firms of all sizes, but the issue can be a much more personal one for entrepreneurs. Data were collected from a sample of 294 entrepreneurs using a questionnaire. These entrepreneurs were asked about the likelihood of various succession options, strategy, performance, and issues related to their family.Results indicated that in firms where family members were seen as making a positive impact to the firm's performance, entrepreneurs were more likely to see family member succession as the likely outcome. Historical performance did not have much impact on succession decisions, although expectations of poor future performance made family succession a less likely envisioned outcome.

Suggested Citation

  • John E. Butler & Phillip H. Phan & Borje O. Saxberg & Soon Hoon Lee, 2001. "Entrepreneurial Succession, Firm Growth And Performance," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 9(04), pages 407-436.
  • Handle: RePEc:wsi:jecxxx:v:09:y:2001:i:04:n:s0218495801000213
    DOI: 10.1142/S0218495801000213
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0218495801000213
    Download Restriction: Access to full text is restricted to subscribers

    File URL: https://libkey.io/10.1142/S0218495801000213?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Eugene Kaciak & Izabela Koladkiewicz & Narongsak (Tek) Thongpapanl & Marta Wojtyra, 0. "The role of social networks in shaping entrepreneurial exit strategies," International Entrepreneurship and Management Journal, Springer, vol. 0, pages 1-37.
    2. Eugene Kaciak & Izabela Koladkiewicz & Narongsak (Tek) Thongpapanl & Marta Wojtyra, 2021. "The role of social networks in shaping entrepreneurial exit strategies," International Entrepreneurship and Management Journal, Springer, vol. 17(4), pages 1619-1655, December.
    3. Florian Kreer & René Mauer & Steffen Strese & Malte Brettel, 2018. "On private equity exits of family firms in the German Mittelstand," Journal of Business Economics, Springer, vol. 88(3), pages 503-529, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:jecxxx:v:09:y:2001:i:04:n:s0218495801000213. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/jec/jec.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.