A review of succession strategies in family business: content analysis and future research directions

Nave, Edgar; Ferreira, João José de Matos; Fernandes, Cristina; Paço, Arminda; Alves, Helena; Raposo, Mario

http://hdl.handle.net/10400.6/13405

Use this identifier to reference this record.

Name:	Description:	Size:	Format:
Family Firms - article JMO.pdf		944.13 KB	Adobe PDF	Download

Send Feedback

Authors

Nave, Edgar

Ferreira, João José de Matos

Abstract(s)

Family firms (FF) represent an important business segment worldwide, contributing greatly to their country’s GDP and social well-being, giving employment and contributing to communities’ development. Due to their particularities, these organizations also face various challenges, one of the most relevant being inter-generational succession – transversal to all FF and their consequent sustainability over time. Given the importance of this issue, through a systematic literature review (SLR), the intention is to provide a general, wide-ranging view of the succession strategies most used by FF, mapping the existing literature. A total of 84 articles from the Scopus database were analysed. Through content analysis and bibliographic coupling techniques (VosViewer), four thematic groups of articles were identified, namely: (i) socio-emotional wealth and corporate governance, (ii) leadership and inter-generational conflicts, (iii) managing succession process and (iv) succession planning drivers. These themes/clusters originated a theoretical framework that depicts the investigation status of the field, and detailed suggestions for future investigations by cluster were also provided. Despite the relevance and long age of succession in FF, this is the first SLR to directly address succession strategies, offering implications for academics and practitioners, to guide a smooth succession.

Description

This project has been cofunded with support from the European Commission under the Erasmus+ Knowledge Alliances programme under Grant Agreement 2018-2547/001-001. This publication reflects the views only of the author, and the Commission cannot be held responsible for any use which may be made of the information contained there in.

Keywords

Content analysis Family firms Succession strategy Systematic literature review

URI

http://hdl.handle.net/10400.6/13405

Citation

Nave, E., Ferreira, J. J., Fernandes, C. I., do Paço, A., Alves, H., & Raposo, M. (2022). A review of succession strategies in family business: content analysis and future research directions. Journal of Management & Organization, 1-25.