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The influence of organisational-related factors on the succession process in small and medium-sized family businesses

ABSTRACT

In this study organisational-related factors that can influence the succession process in small and medium- sized family businesses are empirically investigated. This study was undertaken in South Africa among 2 458 owner- managers and their successors in 1 038 family businesses. A total of 332 usable questionnaires were returned. The dependent variable in this study, namely the Perceived success of the succession process, is measured by two underlying dimensions, namely Satisfaction with the process and Continued profitability of the business. The empirical results indicate that the organisational-related factors that influence the Continued profitability of the business are, on ...

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