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

Rajiv Agarwal, Arya Kumar and Keith D'Souza
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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

Journal of Applied Management and Investments, 2015, vol. 4, issue 3, 128-136

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.

Keywords: succession; motivation of successors; successor choices (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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