Successors in Indian Business Families: A Demographic Sample Study

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 4, 201-208

Abstract: This study explores demographics of family businesses successors. A gap exists in understanding Indian family businesses and the families running them, while the impact of economic and social changes in India on family businesses is unknown. An exploratory study involving a survey of 351 respondents investigated Indian family businesses. The results highlight successors joining family businesses at a younger age, the increasing role of daughters, and the prevalence of traditional industries. The increased interest of family members in family businesses may be driven by large turnover and large workforce. There are also examples of successors leaving businesses with lower turnover.

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