Succession and Ownership in Family Businesses

Family Businesses: The Extensiveness of Succession Problems and Possible Solutions

Strategic management in private and family businesses

This Special Issue, taking five years to come to fruition, presents the latest research on strategic management in private and family businesses in Asia Pacific regions. Asia Pacific societies have a long history of private and family businesses. For example, a Chinese classic, Records of the Grand Historian (known by its Chinese name Shiji, which was written from 109 BC to 91 BC), includes a c...

Filling or Abusing the Institutional Void? Ownership and Management Control of Public Family Businesses in an Emerging Market

much of the research on family firms is carried out in mature markets, a small but burgeoning literature has examined the role of family businesses in emerging markets characterised by an institutional void. We examine publicly listed family firms in Taiwan to shed light on a key debate: is family control beneficial because it fills the institutional void or is it harmful because it abuses it. ...

Firm Performance, Entrenchment and Managerial Succession in Family Firms

This paper investigates whether the family status of a company’s top officer affects managerial replacement decisions in UK firms. We report evidence that family firms are characterized by higher levels of board control and weak internal governance in the form of independent company board structures. Consistent with a managerial entrenchment hypothesis, we find evidence that family CEOs are les...

Family Ownership, Multiple Blockholders and Firm Performance

Recent research has documented that family-controlled firms are very common around the world. This paper provides new evidence on the accounting and market performance of this type of companies. The empirical investigation is conducted on a market in which family firms are well-established and represent the most widespread form of ownership, namely Switzerland. Using panel data for the period 2...