Succession in family versus nonfamily SMEs: What influence does it have on performance?

The literature on family SMEs usually shows a negative influence of succession on performance. Based on a behavioural approach, we identify several advantages of intrafamily succession that enhance value creation. In order to confirm the positive impact of intrafamily succession on performance, a matched pair research design is used to compare the effect of succession between 102 family and nonfamily SMEs. Our results indicate that intrafamily succession contributes to value creation in family SMEs. Moreover, intrafamily succession leads to higher levels of performance in comparison with nonfamily SMEs experiencing succession and ownership transfer. Copyright © 2014 ASAC. Published by John Wiley & Sons, Ltd.     

Organizational Agility of Family Small and Medium-Sized Enterprises: Evidence from the Eastern Democratic Republic of Congo

International Advances in Economic Research -