 Family business successions between desire and realityAndré Pahnke, Susanne Schlepphorst and Nadine Schlömer-Laufen Journal of Business Venturing Insights, 2024, vol. 21, issue C Abstract: Family business successions are commonly considered as one of the most critical events of any family business. Yet, despite extensive research, current evidence on the actual extent to which family business owners accomplish, adapt, or even abandon their initial succession plans is astonishingly still lacking. This paper addresses this issue by overcoming some methodological limitations of previous research on family business successions. The results provide robust insights into a wide mismatch between desire and reality regarding family business succession planning. Thus, transgenerational continuation of family businesses should not be taken for granted. A considerable proportion of business owners abandon their initial succession plans, do not realize the succession in the intended timeframe, or close their business ultimately. There is also a remarkable number of unintended business transfers which have received little attention in research to date. Keywords: Family business; Succession; Business closure; Worker flows (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jobuve:v:21:y:2024:i:c:s235267342400009x DOI: 10.1016/j.jbvi.2024.e00457 Access Statistics for this article Journal of Business Venturing Insights is currently edited by Dimo Dimov More articles in Journal of Business Venturing Insights from Elsevier |
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