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Strategic renewal after ownership transfers in SMEs: do successors' actions pay off?

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  • Lex Van Teeffelen
  • Lorraine Uhlaner

Abstract

Different types of strategic renewal by the successor are identified: organisational change, innovation, combined actions and no action. The main assumption is that renewal after succession improves SME post-transfer performance compared to no actions taken. Also, successor's timing of the takeover is observed, looking at the economic conditions in the year of ownership transfer: decline, average or growing conditions. The hypotheses are tested on a random stratified sample of 333 Dutch firms. Univariate analysis of variance (ANOVA) and complementary T-tests show that organisational change, product/market innovation and combined actions all increase post-transfer performance compared to no renewal. Strategic renewal pays off in any economic period, but mostly so in periods of economic decline. The control variable firm size is a significant predictor: the smaller the firm the better the post-transfer performance.

Suggested Citation

  • Lex Van Teeffelen & Lorraine Uhlaner, 2010. "Strategic renewal after ownership transfers in SMEs: do successors' actions pay off?," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 2(3/4), pages 347-365.
    • Handle: RePEc:ids:ijeven:v:2:y:2010:i:3/4:p:347-365
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    Cited by:

    1. van Teeffelen Lex & Uhlaner Lorraine M., 2013. "Firm Resource Characteristics and Human Capital as Predictors of Exit Choice: An Exploratory Study of SMEs," Entrepreneurship Research Journal, De Gruyter, vol. 3(1), pages 84-108, January.

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