MyJournals Home  

RSS FeedsSustainability, Vol. 10, Pages 3656: An Integrative Conceptual Framework for Sustainable Successions in Family Businesses: The Case of Taiwan (Sustainability)

 
 

13 october 2018 15:00:05

 
Sustainability, Vol. 10, Pages 3656: An Integrative Conceptual Framework for Sustainable Successions in Family Businesses: The Case of Taiwan (Sustainability)
 




Family businesses have long been one of the mainstream business models in developing countries. The smooth succession of control in family businesses is the key to their sustainable development. However, compared with other companies, succession in family business has demonstrated unique complexity, which also affects the development of the business. The paper is based on a review of the existing literature, starting from the theory of family business succession and combining with grounded theory. After that, we conducted field interviews of experts, coding the key factors affecting succession in family businesses in Taiwan. Finally, we explored the considerations and implications of the succession for inheritance planning. The results of this study show that consideration of succession in family businesses involves a multi-dimensional and complex decision-making process. Among the key considerations, it is found that corporate characteristics, family capital and niche inheritance are the most important without consideration of whether the continuation of the business after succession will be doomed to failure. In addition, the family relationship of affection and trust and commitment between both predecessor and successor are important factors that cannot be ignored, especially in a rapidly changing competitive market environment.


Del.icio.us Digg Facebook Google StumbleUpon Twitter
 
9 viewsCategory: Ecology
 
Sustainability, Vol. 10, Pages 3657: Export Diversification and Ecological Footprint: A Comparative Study on EKC Theory among Korea, Japan, and China (Sustainability)
Sustainability, Vol. 10, Pages 3655: Building Retrofit Measures and Design: A Probabilistic Approach for LCA (Sustainability)
 
 
blog comments powered by Disqus


MyJournals.org
The latest issues of all your favorite science journals on one page

Username:
Password:

Register | Retrieve

Search:

Ecology

Use these buttons to bookmark us:
Del.icio.us Digg Facebook Google StumbleUpon Twitter


Valid HTML 4.01 Transitional
Copyright © 2008 - 2018 Indigonet Services B.V.. Contact: Tim Hulsen. Read here our privacy notice.
Other websites of Indigonet Services B.V.: Nieuws Vacatures News Tweets Travel Photos Nachrichten Indigonet Finances Leer Mandarijn