Family business succession - trust and gender issues in family and non-family succcession

Henry, Michael and Erwee, Ronel and Kong, Eric (2013) Family business succession - trust and gender issues in family and non-family succcession. In: 13th Annual Conference of the European Academy of Management: Democratising Management (EURAM 2013) , 26-29 June 2013, Istanbul, Turkey.

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Abstract

Small business is the most common firm structure in the Canadian economy and accounts for the single largest share of economic activity. As the founders of these firms move to normal retirement age, they begin the transfer of the business to a family or non-family member. When the second generation assumes control of the firm, issues related to generational transfer of knowledge become important. Tacit knowledge has been identified as a key strategic resource
and passing this knowledge from the founder to the successor is a key element in successful transition. This study explored the relationship of gender differences in tacit knowledge transfer in family business succession and the role of trust in the succession process. A qualitative
methodology based on the analysis of multiple case studies is used for this research. Eight cases of family business succession were investigated, with data collected from public sources and interviews with founders, successors (family members and non-family members), and key observers. The role of trust in family business succession is supported by the study's findings, but the findings expand on the existing literature by differentiating between relationship trust and business competence trust and defining the two types of trust as essential. This study supports prior knowledge that female successors are often viewed as having less leadership ability than male successors. In this study, however, females experienced more business socialisation than reported in prior studies.


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Item Type: Conference or Workshop Item (Commonwealth Reporting Category E) (Paper)
Refereed: Yes
Item Status: Live Archive
Faculty / Department / School: Historic - Faculty of Business and Law - School of Management and Marketing
Date Deposited: 23 Oct 2013 23:30
Last Modified: 15 Sep 2014 03:48
Uncontrolled Keywords: family business; trust; succession
Fields of Research : 15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150301 Business Information Management (incl. Records, Knowledge and Information Management, and Intelligence)
22 Philosophy and Religious Studies > 2201 Applied Ethics > 220102 Business Ethics
15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150314 Small Business Management
Socio-Economic Objective: B Economic Development > 91 Economic Framework > 9104 Management and Productivity > 910402 Management
URI: http://eprints.usq.edu.au/id/eprint/24198

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