Planning for succession in family businesses: a comparison of Arab/Islamic and US practices

Matthew C. Sonfield, Robert N. Lussier and Josiane Fahed-Sreih

International Journal of Business and Globalisation, 2015, vol. 15, issue 3, 313-330

Abstract: This article compares a sample of US family businesses with a sample of Arab/Islamic family businesses from Egypt, Kuwait and Lebanon, with regard to the degree to which top management has formulated specific plans for the future succession of junior family members into top management positions (total N = 485). ANCOVA analysis indicates that the Arab/Islamic family businesses' top managers engage in the formulation of such succession plans to a statistically significant greater degree than do the US managers. The two dissimilar cultural contexts are examined, which offer reasons for this research finding, and implications are presented for future research.

Keywords: family business; Arab countries; Islamic family firms; USA; United States; entrepreneurship; succession planning; Egypt; Kuwait; Lebanon; top management; cultural contexts; culture. (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.inderscience.com/link.php?id=71902 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbglo:v:15:y:2015:i:3:p:313-330

Access Statistics for this article

More articles in International Journal of Business and Globalisation from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().