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Family business succession planning: unleashing the key factors of business performance

Family business studies are becoming more pervasive in Malaysia, and several studies have focused on factors that shape family-owned business performance levels. Succession planning issues, and specifically the succession issues and experiences of second or third generation family business owners (2...

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Main Authors: Wee Yu Ghee, Mohamed Dahlan Ibrahim, Hasliza Abdul Halim
Format: Non-Indexed Article
Published: 2015
Online Access:http://discol.umk.edu.my/id/eprint/8096/
http://web.usm.my/aamj/20022015/aamj20022015_5.pdf
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id my.umk.eprints.8096
record_format eprints
spelling my.umk.eprints.80962022-05-23T10:25:15Z http://discol.umk.edu.my/id/eprint/8096/ Family business succession planning: unleashing the key factors of business performance Wee Yu Ghee Mohamed Dahlan Ibrahim Hasliza Abdul Halim Family business studies are becoming more pervasive in Malaysia, and several studies have focused on factors that shape family-owned business performance levels. Succession planning issues, and specifically the succession issues and experiences of second or third generation family business owners (2GO/3GO), have not yet been explored at length. This study aims to revisit various factors that shape family firm performance by examining succession issues and transition experiences encountered by successors. Data were drawn from self-administered surveys completed by 55 2GOs and 3GOs. Descriptive, correlation and regression analyses were conducted to interpret our findings. The findings show that management styles, relationships between family members, values and beliefs and successor training significantly influence family business performance levels. The relationship between antecedents and business performance is found to be partly mediated by succession issues and fully mediated by sucession experience. Both theoretical and practical implications and avenues for future research are discussed 2015 Non-Indexed Article NonPeerReviewed Wee Yu Ghee and Mohamed Dahlan Ibrahim and Hasliza Abdul Halim (2015) Family business succession planning: unleashing the key factors of business performance. Asian Academy of Management Journal, 20 (2). pp. 103-126. ISSN 2180-4184 http://web.usm.my/aamj/20022015/aamj20022015_5.pdf
institution Universiti Malaysia Kelantan
building Perpustakaan Universiti Malaysia Kelantan
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Kelantan
content_source UMK Institutional Repository
url_provider http://umkeprints.umk.edu.my/
description Family business studies are becoming more pervasive in Malaysia, and several studies have focused on factors that shape family-owned business performance levels. Succession planning issues, and specifically the succession issues and experiences of second or third generation family business owners (2GO/3GO), have not yet been explored at length. This study aims to revisit various factors that shape family firm performance by examining succession issues and transition experiences encountered by successors. Data were drawn from self-administered surveys completed by 55 2GOs and 3GOs. Descriptive, correlation and regression analyses were conducted to interpret our findings. The findings show that management styles, relationships between family members, values and beliefs and successor training significantly influence family business performance levels. The relationship between antecedents and business performance is found to be partly mediated by succession issues and fully mediated by sucession experience. Both theoretical and practical implications and avenues for future research are discussed
format Non-Indexed Article
author Wee Yu Ghee
Mohamed Dahlan Ibrahim
Hasliza Abdul Halim
spellingShingle Wee Yu Ghee
Mohamed Dahlan Ibrahim
Hasliza Abdul Halim
Family business succession planning: unleashing the key factors of business performance
author_facet Wee Yu Ghee
Mohamed Dahlan Ibrahim
Hasliza Abdul Halim
author_sort Wee Yu Ghee
title Family business succession planning: unleashing the key factors of business performance
title_short Family business succession planning: unleashing the key factors of business performance
title_full Family business succession planning: unleashing the key factors of business performance
title_fullStr Family business succession planning: unleashing the key factors of business performance
title_full_unstemmed Family business succession planning: unleashing the key factors of business performance
title_sort family business succession planning: unleashing the key factors of business performance
publishDate 2015
url http://discol.umk.edu.my/id/eprint/8096/
http://web.usm.my/aamj/20022015/aamj20022015_5.pdf
_version_ 1763303935174508544
score 13.211869

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