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A Study of the Factors Influencing Successors’ Choices in Indian Family-Managed Businesses

Author

Listed:
  • Rajiv Agarwal

    (S.P. Jain Institute of Management and Research, India)

  • Arya Kumar

    (Birla Institute of Technology and Science, India)

  • Keith D'Souza

    (S.P. Jain Institute of Management and Research, India)

Abstract

Succession is a key to ensuring longevity of firms hence is important in family business research. The factors that influence successors’ decisions to join family businesses in India are studied. A list of 21 factors from the literature is tested on 351 students. Multivariate discriminant analysis is used. The results show that self-efficacy and external opportunities have a negative effect and parental preparation has a positive effect on the decision to join a family firm. External opportunity is further examined by a regression analysis and is found to be correlated to the perception of the father’s success in the family firm.

Suggested Citation

  • Rajiv Agarwal & Arya Kumar & Keith D'Souza, 2015. "A Study of the Factors Influencing Successors’ Choices in Indian Family-Managed Businesses," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 4(3), pages 128-136.
  • Handle: RePEc:ods:journl:v:4:y:2015:i:3:p:128-136
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    References listed on IDEAS

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    1. Mattias Nordqvist & Karl Wennberg & Massimo Bau’ & Karin Hellerstedt, 2013. "An entrepreneurial process perspective on succession in family firms," Small Business Economics, Springer, vol. 40(4), pages 1087-1122, May.
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    Cited by:

    1. Rajiv Agarwal & Arya Kumar & Keith D'Souza, 2016. "Issues in Career Choices of Successors in Family Businesses: Perspective from Literature Review," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 5(1), pages 1-19, February.

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