IDEAS home Printed from https://ideas.repec.org/p/zbw/ifmwps/303037.html
   My bibliography  Save this paper

Family business succession planning: Are the outcomes dependent on the predominant gender in the management board?

Author

Listed:
  • Kay, Rosemarie
  • Pahnke, André
  • Welter, Friederike

Abstract

While existing research on business successions stresses the importance of the economic situation of family business in this context, research on women's entrepreneurship, however, suggests that women-led businesses may be less economically attractive for potential successors because of structural differences in comparison to men-led business. Moreover, the business owner's gender may have an impact on the business succession process and its outcome too. Based on one the largest German establishment surveys which is augmented by additional administrative data, this chapter seeks to further link the two research strands by providing first insights into the impact of family businesses owner's gender on both business succession planning and the outcome of the business succession process. Regarding the outcome of business successions, the results indicate that differences between women- and men-led businesses are not related to gender but to characteristics of the businesses to be handed over.

Suggested Citation

  • Kay, Rosemarie & Pahnke, André & Welter, Friederike, 2024. "Family business succession planning: Are the outcomes dependent on the predominant gender in the management board?," Working Papers 02/24, Institut für Mittelstandsforschung (IfM) Bonn.
    • Handle: RePEc:zbw:ifmwps:303037
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/303037/1/1902725735.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Malmendier, Ulrike M. & D'Acunto, Francesco & Weber, Michael, 2020. "Gender Roles and the Gender Expectations Gap," CEPR Discussion Papers 14932, C.E.P.R. Discussion Papers.
    2. Jacobsen, Ben & Lee, John B. & Marquering, Wessel & Zhang, Cherry Y., 2014. "Gender differences in optimism and asset allocation," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PB), pages 630-651.
    3. Martina Battisti & Hiroyuki Okamuro, 2010. "Selling, Passing on or Closing? Determinants of Entrepreneurial Intentions on Exit Modes," Global COE Hi-Stat Discussion Paper Series gd10-151, Institute of Economic Research, Hitotsubashi University.
    4. Pramodita Sharma & James J. Chrisman & Amy L. Pablo & Jess H. Chua, 2001. "Determinants of Initial Satisfaction with the Succession Process in Family Firms: A Conceptual Model," Entrepreneurship Theory and Practice, , vol. 25(3), pages 17-36, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aapo Länsiluoto & Elina Varamäki & Erkki K. Laitinen & Anmari Viljamaa & Juha Tall, 2015. "Management Control Systems in Small Business Transfers — A Resource-Based View," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 23(04), pages 449-471, December.
    2. Joensuu-Salo, Sanna & Viljamaa, Anmari & Varamäki, Elina, 2019. "The Impact of Continuity Outlook and Development Activities on Growth Intentions," 7th International OFEL Conference on Governance, Management and Entrepreneurship: Embracing Diversity in Organisations (Dubrovnik, 2019), in: 7th International OFEL Conference on Governance, Management and Entrepreneurship: Embracing Diversity in Organisations. April 5th - 6th, 2019, Dubrovn, pages 388-399, Governance Research and Development Centre (CIRU), Zagreb.
    3. Da Ke, 2021. "Who Wears the Pants? Gender Identity Norms and Intrahousehold Financial Decision‐Making," Journal of Finance, American Finance Association, vol. 76(3), pages 1389-1425, June.
    4. repec:zbw:bofrdp:2020_017 is not listed on IDEAS
    5. Zellweger, Thomas & Sieger, Philipp & Halter, Frank, 2011. "Should I stay or should I go? Career choice intentions of students with family business background," Journal of Business Venturing, Elsevier, vol. 26(5), pages 521-536, September.
    6. Gressel, Christie M. & Rashed, Tarek & Maciuika, Laura Aswati & Sheshadri, Srividya & Coley, Christopher & Kongeseri, Sreeram & Bhavani, Rao R, 2020. "Vulnerability mapping: A conceptual framework towards a context-based approach to women’s empowerment," World Development Perspectives, Elsevier, vol. 20(C).
    7. Link, Sebastian & Peichl, Andreas & Roth, Christopher & Wohlfart, Johannes, 2023. "Information frictions among firms and households," Journal of Monetary Economics, Elsevier, vol. 135(C), pages 99-115.
    8. Simon C. Parker, 2016. "Family Firms and the “Willing Successor†Problem," Entrepreneurship Theory and Practice, , vol. 40(6), pages 1241-1259, November.
    9. Guiso, Luigi & Zaccaria, Luana, 2023. "From patriarchy to partnership: Gender equality and household finance," Journal of Financial Economics, Elsevier, vol. 147(3), pages 573-595.
    10. Umans, Ine & Lybaert, Nadine & Steijvers, Tensie & Voordeckers, Wim, 2021. "The influence of transgenerational succession intentions on the succession planning process: The moderating role of high-quality relationships," Journal of Family Business Strategy, Elsevier, vol. 12(2).
    11. Reiter-Gavish, Liron & Qadan, Mahmoud & Yagil, Joseph, 2021. "Financial advice: Who Exactly Follows It?," Research in Economics, Elsevier, vol. 75(3), pages 244-258.
    12. 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.
    13. Coibion, Olivier & Gorodnichenko, Yuriy & Weber, Michael, 2020. "Labor Markets During the Covid-19 Crisis: A Preliminary View," Department of Economics, Working Paper Series qt7rx7t91p, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    14. Dräger, Lena & Gründler, Klaus & Potrafke, Niklas, 2025. "Political shocks and inflation expectations: Evidence from the 2022 Russian invasion of Ukraine," Journal of International Economics, Elsevier, vol. 153(C).
    15. Conrad, Christian & Enders, Zeno & Glas, Alexander, 2022. "The role of information and experience for households’ inflation expectations," European Economic Review, Elsevier, vol. 143(C).
    16. Carola Binder, 2020. "Coronavirus Fears and Macroeconomic Expectations," The Review of Economics and Statistics, MIT Press, vol. 102(4), pages 721-730, October.
    17. Carlsson Hauff, Jeanette & Hermansson, Cecilia, 2023. "“Buy him some Tesla stocks for his baptism”: Gender differences among young savers," Working Paper Series 23/12, Royal Institute of Technology, Department of Real Estate and Construction Management & Banking and Finance, revised 19 Sep 2024.
    18. Lorraine Uhlaner & Petra Gibcus & Niek Timmermans & Marta Berent-Braun, 2009. "The Relationship between Successor, Planning Characteristics, and the Transfer Process on Post-Transfer Profitability in SMEs," Scales Research Reports H200901, EIM Business and Policy Research.
    19. Kandade, Kiran & Samara, Georges & Parada, Maria José & Dawson, Alexandra, 2021. "From family successors to successful business leaders: A qualitative study of how high-quality relationships develop in family businesses," Journal of Family Business Strategy, Elsevier, vol. 12(2).
    20. Veland Ramadani & Léo-Paul Dana & Nora Sadiku-Dushi & Vanessa Ratten & Dianne H. B. Welsh, 2017. "Decision-Making Challenges of Women Entrepreneurship in Family Business Succession Process," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 25(04), pages 411-439, December.
    21. Meleq Hoxhaj & Kamolli Erjus, 2022. "Factors Influencing Tax Evasion of Businesses: The Case of Albania," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 8, ejes_v8_i.

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:zbw:ifmwps:303037. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/ifmbode.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.