IDEAS home Printed from https://ideas.repec.org/p/cfi/jseres/cj126.html

Key Considerations for Succession Planning in Family Firms

Author

Listed:
  • Noriyuki Yanagawa

    (The University of Tokyo)

Abstract

Business succession in family firms represents a significant transformation involving generational change that occurs only once every few decades; therefore, the formulation of a succession plan is of even greater importance than in general corporate contexts. This transition process often entails not merely the selection of a successor but also a shift in management leadership and organizational transformation. Consequently, it is desirable to explicitly define the transition process in advance and to implement it over a sufficient period of time. This paper organizes and examines critical points in formulating succession plans for family businesses, including the training and education process, the successor selection process, and methods for resolving intergenerational conflicts.

Suggested Citation

  • Noriyuki Yanagawa, 2026. "Key Considerations for Succession Planning in Family Firms," CARF J-Series CARF-J-126, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    • Handle: RePEc:cfi:jseres:cj126
    as

    Download full text from publisher

    File URL: https://www.carf.e.u-tokyo.ac.jp/wp/wp-content/uploads/2026/02/J126.pdf
    Download Restriction: no
    ---><---

    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:cfi:jseres:cj126. 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: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/catokjp.html .

    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.