Like Father Like Son? Small Family Business Succession Problems in Finland

Malinen, Pasi

doi:10.1080/14632440110105053

Cited by 21 publications

(18 citation statements)

References 4 publications

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“…To make the potential successor feel welcomed and consequently willing to continue the family business, the quality of the relationships between the potential successors, the incumbents and other family members must be positive. If both the incumbent and the successor have a mutual understanding about the future of their family business, there will be less conflict among them; hence, a higher chance for an effective succession (Malinen, 2001;Miller et al, 2003;Venter et al, 2005). The quality of the relationship between the successor and other family members, such as siblings, is also considered to be important in the succession process (Brockhaus, 2004).…”

Section: Literature Reviewmentioning

confidence: 99%

“…An effective succession process will occur if the successor feels that it is in the family tradition to continue on the family business (Morris, 1996;and Malinen, 2001;Lee, 2003). To make the potential successor feel welcomed and consequently willing to continue the family business, the quality of the relationships between the potential successors, the incumbents and other family members must be positive.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The financial factors include the factors related to limitations in the company's financial resources in terms of the current tax burden and the cost of obtaining external financing. According to Malinen (2001), Taxation is the biggest problem in the family business succession process because of the difficulties in understanding the complicated legal regulations. Moreover, financing the succession is considered to be another problem in family business succession.…”

Section: Literature Reviewmentioning

confidence: 99%

“…According to Malinen (2001), family business has been acknowledged as a source of sustainable economic growth. It is notable that a large number of listed companies in Europe and Asia are still family-owned.…”

Section: Introductionmentioning

confidence: 99%

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Family Business Succession and Post Succession Performance: Evidence from Thai SMEs

Chaimahawong¹,

Sakulsriprasert²

2012

IJBM

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This paper aims to study the key factors affecting the process of business succession and post succession of family firms in Thailand. The purpose of this research paper is to identify the level of impacts and classify into four determinants i.e. the personal factor, the intra-family relationship factors, the context factors, and the financial factors. The paper also aims to study the relationship between the four factors and the post succession performance of family firms in Thailand. The methods use to assess the level of impacts of the factors on succession process of family firms in Thailand is by using the method of Structural Equation Model (SEM). The results of the SEM are based from the sample size 374 family business owners across various industries in Thailand. Context factors and personal factors are the two factors that have the highest levels of impact on the effectiveness of the succession process in comparison to the financial factors and the intra-family relationship. The results from this research paper also indicate that the succession process and the post-succession performance are positively related with a high level of impact.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Family Business Succession and Post Succession Performance: Evidence from Thai SMEs

Chaimahawong¹,

Sakulsriprasert²

2012

IJBM

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“…Birley, 2001;Dunemann and Barrett, 2004;Malinen, 2001Malinen, , 2004Martin et al, 2002;Miller et al, 2003;Mustafa and Chen, 2008;Pardo-del-Val, 2008;Shepherd and Zacharakis, 2000).…”

Section: Ethnic Minority Family Firms and Succession Issuesmentioning

confidence: 99%

The impact of entrepreneurship education on succession in ethnic minority family firms

Hussain

Scott

Matlay

2010

Education + Training

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Purpose -The purpose of this paper is to explore the impact that entrepreneurship education can have on succession in ethnic minority family firms that operate in the highly competitive UK economy. Design/methodology/approach -The paper employs a complex conceptual model of ethnic minority graduates' economic activities and outlines the possible influence that entrepreneurship education can have on succession in their family firms. An illustrative case study is presented of an ethnic minority graduate who returned to work in the family firm. Findings -It emerges that entrepreneurship education provision in UK HEIs is insufficiently customised to, and focused on, the specific entrepreneurial needs of graduates. Educators should take into account the complex socio-economic and cultural differences between native and ethnic minority learning environments. Effective entrepreneurship education emerges as crucial to the survival and growth of ethnic minority family businesses in the UK and could contribute positively to ownership transfer in this type of firm.Research limitations/implications -The proposed theoretical model has not been empirically tested and it is only indicative of the impact that entrepreneurship education could have on succession in small ethnic minority family businesses in the UK. Originality/value -Although prior research has explored various aspects of ownership succession, this article focuses specifically on the impact that entrepreneurship education can have on succession in small ethnic minority family firms.

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Family Business Sustainability: The Intergenerational Transfer of Social Capital and Network Contacts

Bernhard

Hiepler

Engel³

2019

Sustainable Innovation

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Like Father Like Son? Small Family Business Succession Problems in Finland

Cited by 21 publications

References 4 publications

Family Business Succession and Post Succession Performance: Evidence from Thai SMEs

Family Business Succession and Post Succession Performance: Evidence from Thai SMEs

The impact of entrepreneurship education on succession in ethnic minority family firms

Family Business Sustainability: The Intergenerational Transfer of Social Capital and Network Contacts

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