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Determinants of family business performance: succession issues and experience as the potential mediators

The characteristics and importance, including the antecedents to performance, of small to medium-sized family owned firms to respective economies is widely known in business literature. While many have studied factors which determine the business performance of family-owned firms, none has investiga...

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Main Authors: Wee Yu Ghee, Mohamed Dahlan Ibrahim
Format: Book Section
Language:English
Published: International Business Information Management Association 2013
Online Access:http://discol.umk.edu.my/id/eprint/8533/1/paper%2057.pdf
http://discol.umk.edu.my/id/eprint/8533/
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spelling my.umk.eprints.85332022-05-23T10:36:42Z http://discol.umk.edu.my/id/eprint/8533/ Determinants of family business performance: succession issues and experience as the potential mediators Wee Yu Ghee Mohamed Dahlan Ibrahim The characteristics and importance, including the antecedents to performance, of small to medium-sized family owned firms to respective economies is widely known in business literature. While many have studied factors which determine the business performance of family-owned firms, none has investigated how succession issues (ranging from authoritarian owner, communication problem with siblings, incompetencies, motivation to succeed, differences in opinions and decision-making power) and succession experience on part of second or third generation owner (2GO/ 3GO) could affect the links to the performance of such firms. The purpose of this paper is to reaffirm various factors influencing family business performance among sixty family-owed firms situated in Northeastern of Peninsula Malaysia, and establish succession issues and experience as the potential mediators which are contributive to the business well-being. The main data source for the study was self-administered surveys of fifty-five 2GOs or 3GOs, of three major races (Malay, Chinese and Indian) in Kelantan, Malaysia. Descriptive, correlation and regression analyses were conducted to interpret findings. The research shows that management style, relationship among family members, values and beliefs and preparation of heir significantly influence family business performance in this context. Succession issues are found to have partially mediated and succession experience fully mediates the relationship among the antecedents with business performance. Both theoretical and practical implications as well as avenues for future research are discussed. International Business Information Management Association 2013 Book Section NonPeerReviewed text en http://discol.umk.edu.my/id/eprint/8533/1/paper%2057.pdf Wee Yu Ghee and Mohamed Dahlan Ibrahim (2013) Determinants of family business performance: succession issues and experience as the potential mediators. In: The 20th International Business Information Management Conference (IBIMA). International Business Information Management Association, pp. 556-571. ISBN 9780982148990
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/
language English
description The characteristics and importance, including the antecedents to performance, of small to medium-sized family owned firms to respective economies is widely known in business literature. While many have studied factors which determine the business performance of family-owned firms, none has investigated how succession issues (ranging from authoritarian owner, communication problem with siblings, incompetencies, motivation to succeed, differences in opinions and decision-making power) and succession experience on part of second or third generation owner (2GO/ 3GO) could affect the links to the performance of such firms. The purpose of this paper is to reaffirm various factors influencing family business performance among sixty family-owed firms situated in Northeastern of Peninsula Malaysia, and establish succession issues and experience as the potential mediators which are contributive to the business well-being. The main data source for the study was self-administered surveys of fifty-five 2GOs or 3GOs, of three major races (Malay, Chinese and Indian) in Kelantan, Malaysia. Descriptive, correlation and regression analyses were conducted to interpret findings. The research shows that management style, relationship among family members, values and beliefs and preparation of heir significantly influence family business performance in this context. Succession issues are found to have partially mediated and succession experience fully mediates the relationship among the antecedents with business performance. Both theoretical and practical implications as well as avenues for future research are discussed.
format Book Section
author Wee Yu Ghee
Mohamed Dahlan Ibrahim
spellingShingle Wee Yu Ghee
Mohamed Dahlan Ibrahim
Determinants of family business performance: succession issues and experience as the potential mediators
author_facet Wee Yu Ghee
Mohamed Dahlan Ibrahim
author_sort Wee Yu Ghee
title Determinants of family business performance: succession issues and experience as the potential mediators
title_short Determinants of family business performance: succession issues and experience as the potential mediators
title_full Determinants of family business performance: succession issues and experience as the potential mediators
title_fullStr Determinants of family business performance: succession issues and experience as the potential mediators
title_full_unstemmed Determinants of family business performance: succession issues and experience as the potential mediators
title_sort determinants of family business performance: succession issues and experience as the potential mediators
publisher International Business Information Management Association
publishDate 2013
url http://discol.umk.edu.my/id/eprint/8533/1/paper%2057.pdf
http://discol.umk.edu.my/id/eprint/8533/
_version_ 1763303997863624704
score 13.211869

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