Succession Decision in Vietnamese Family Companies

Viet, Hoang Nguyen

doi:10.5539/ijbm.v10n7p208

Cited by 6 publications

(2 citation statements)

References 9 publications

(8 reference statements)

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“…Family legitimacy and networks are still too underdeveloped to be a source of highly competitive advantage to be exploited by family CEOs. On the other hand, FFs may be too busy to prepare for their first succession (Viet, 2015) in which exiting family CEOs need to prepare the business for their descendants, while young family leaders learn to accumulate experience. Additionally, although family CEOs may have political connections through participating in politics, connected family CEOs are new and may be inexperienced in a fierce political arena in transition economies.…”

Section: Discussionmentioning

confidence: 99%

The Impact of Politically Connected CEOs and Boards of Directors on Firm Performance: A Study of Vietnamese Family and Nonfamily Firms

Dinh

Calabrò

Campopiano

et al. 2021

Entrepreneurship Theory and Practice

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Integrating new institutional economics and resource dependence theory, this study investigates whether in transition economies, characterized by shifting from centrally commanded to more market-oriented economies, there are performance differences among family firms (FFs), nonfamily firms (non-FFs), and former state-owned enterprises (former SOEs), and whether political connections affect these differences. Our findings suggest that FFs outperform non-FFs and former SOEs, unless non-FFs have politically connected CEOs. The performance gap in favor of FFs increases at high levels of board political connection intensity. Among FFs, the top-performing ones either promote nonfamily leadership or combine family leadership with politically connected boards of directors.

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Section: Discussionmentioning

confidence: 99%

The Impact of Politically Connected CEOs and Boards of Directors on Firm Performance: A Study of Vietnamese Family and Nonfamily Firms

Dinh

Calabrò

Campopiano

et al. 2021

Entrepreneurship Theory and Practice

View full text Add to dashboard Cite

show abstract

“…Involving children early in family businesses enhance the chances of attaining a smooth descent process (Goldberg, 1996;Haag, Helin and Melin, 2006). Further, in a contemplation where 65 house-owned assembly in 17 separate industries was deportment to find out if family CEOs amended the organisation's bottom line greater than outside CEOs, the results showed that family members that were successors in a company enhanced the organisation's appreciate more than successors that were not lineage members (Viet, 2015). It is critical to tone that the key motivator for family-run firms across the ball is the need to keep the calling in the patronymic hence, entwine lineage members in the running of the business is an imperative.…”

Section: Involvement Of Family Membersmentioning

confidence: 99%

Influence of Corporate Succession Planning and Generational Changeover in Family-Owned Organisations Case of Family-Owned Hardware Trades in Harare Central Business District (Zimbabwe)

2022

Sachetas

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The inquiry papyraceous sought after to determine the agent that persuasion succession planning and generational change in small family-owned ironmongery businesses in Harare Central Business District in the Zimbabwean capital metropolitan. Harare is the biggest city in Zimbabwe and has the highest multitude of recorded lineage owned businesses. By means of the Mixed Method Research (MMR) which was QUAN-qual, denotating that this meditation was primarily quantitative with a slender qualitative constituent. The researches patience was pragmatism and the investigation intend was figurative. A sample of 110 respondents was enact through layered random trypiece to take solicitude of the three categories of family-owned businesses namely: small, medium and large family businesses. One hundred and ten self-conduct questionnaire were issuance for fulfillment and 100 were revert practicable, giving a response rate of 90.9%. The questionnaire had mostly shu ppurpose items and a few obvious close article in protection with the QUAN-qual orientation. Data was analysed worn SPSS ver. 23. A multivariate regression analysis was impelled out and the findings were that: the age of the family business proprietor, straightforward of education, communication among family members, gender of business lord, involvement of family members in family employment progeny and size of the class office influence succession sketch and generational change in lineage-owned ironmongery businesses in Harare CBD. R-squared was calculate to determine the impact of these factors on lineage planning and generational turn. The research findings reveal that 65% of the variability in succession planning and generational turn possibly will be expound by the predictor variables enrolled immediately above. The inquiry ponder also found out that succession planning and generational change had the subsequent exchange: reluctancy of business owners/managers to relinquish control of the business; contestation of uncertainty and unknowns and contention within families. This investigation paper recommends that top management of family-owned businesses ought to disentangle comprehensive descent planning and generational strategies for continuity focussing on all the forecaster variables review in the contemplation. It was also recommended that further researches be done on other factors that affect race sketch and generational change in kindred-owned other than hardware businesses in Harare Central Business District. Since the question study was conducted in Harare Central Business District only, this require it toilsome to generalise the findings to the faithful rustic, hence, it is commend that future research should concentrate on a liberal scope of family-owned businesses in dissimilar industries preference food manufacturing , construction ,electronic computer software , hotel and agriculture sectors.

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Our social legacy will go on: Understanding outcomes of family SME succession through engaged Buddhism

Burton

Cruz

2022

Journal of Business Research

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Succession Decision in Vietnamese Family Companies

Cited by 6 publications

References 9 publications

The Impact of Politically Connected CEOs and Boards of Directors on Firm Performance: A Study of Vietnamese Family and Nonfamily Firms

The Impact of Politically Connected CEOs and Boards of Directors on Firm Performance: A Study of Vietnamese Family and Nonfamily Firms

Influence of Corporate Succession Planning and Generational Changeover in Family-Owned Organisations Case of Family-Owned Hardware Trades in Harare Central Business District (Zimbabwe)

Our social legacy will go on: Understanding outcomes of family SME succession through engaged Buddhism

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