By Daniel Scheffold
Methodology: A qualitative multiple-case learn layout with third-generation kinfolk companies, from Germany and one from the united kingdom was once hired. A cross-case research was once performed to spot severe luck elements after which complemented via a single-case analysis.
Findings: 9 of the 10 validated hypotheses have been proven. those have been successor improvement, professionalization, wisdom move, capital constitution, company governance, kinfolk concord, stepping apart, succession making plans and long term orientation. The speculation approximately dividend coverage used to be now not proven. No major variations have been stumbled on to be in line with nationwide influence.
Practical Implications: From the implications, a brand new version for relatives enterprise succession is constructed which ends up in 4 top perform thoughts. those are the implementation of shared management, linking possession to administration; ascertain conversation within the kin to create kin concord and using open air consultants.
Limitations: a result of case research layout, this examine doesn't supply statistical generalizable findings.
Originality/ worth: This research raises the information approximately severe luck components of succession in relatives companies. using circumstances from nations and 3 diversified industries raises the importance. The newly built version for family members enterprise succession proposes a brand new view at the succession method that are meant to be established via destiny studies.
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