2001
DOI: 10.1111/j.1741-6248.2001.00105.x
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Patterns of Succession and Continuity in Family-Owned Businesses: Study of an Ethnic Community

Abstract: This paper examines ways in which patriarchal/familistic cultural systems condition responses to the kinds of social and economic changes that challenge family‐owned businesses. Using a case study of an ethnic enclave in the southeastern United States, the paper looks at intergenerational succession, paying particular attention to how small firms manage to transfer control within the family. Key to successful transfer is the presence of trust and the utilization of social capital as well as the ability of succ… Show more

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Cited by 56 publications
(35 citation statements)
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References 19 publications
(24 reference statements)
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“…Perricone et al (2001) have shown that most successors are first-born males. However, the empirical study on leadership in family firms remains largely understudied (Renko et al 2012).…”
Section: Family Firms and Entrepreneurial Researchmentioning
confidence: 99%
“…Perricone et al (2001) have shown that most successors are first-born males. However, the empirical study on leadership in family firms remains largely understudied (Renko et al 2012).…”
Section: Family Firms and Entrepreneurial Researchmentioning
confidence: 99%
“…Handler (1990) typifies succession as "a mutual adjustment process between the founder and the next-generation family members". The author delineates the progression as transferral of leadership experience, authority, decisionmaking power and equity, as well as knowledge and ideas (Cabrera-Suarez et al, 2001;Perricone et al, 2001).…”
Section: Family Business Succession As a Processmentioning
confidence: 99%
“…4. Management accounting change processes, supporting the transfer of knowledge, can be considered as inextricably linked with the succession process, which implies the transfer of expertise, knowledge and ideas (Cabrera-Suarez et al, 2001;Perricone et al, 2001). …”
Section: Contributions and Further Developmentsmentioning
confidence: 99%
“…The likelihood of daughters being compared with their mothers' managerial styles may create greater tensions in mother-daughter successions than those present in father-daughter successions, due to the identification of same sex (Vera and Dean, 2005). In patriarchal/familistic cultural systems, daughters are less likely to be systematically trained and prepared for leadership roles in the family business (Howorth and Assaraf Ali, 2001;Perricone, Earle and Taplin, 2001;Dumas, Dupuis, Richer and St.-Cyr, 1995), making gender awareness in the succession planning process crucial (Harveston, Davis and Lyden, 1997). Daughters have been shown to take on roles in emerging, strategically important areas, whereas sons take on roles that are more in line with the way things have been done in the past (García-Élvare, López-Sintas and Gonzalvo, 2002).…”
Section: (B) Women Moving Into Business Via Successionmentioning
confidence: 99%