The economic context, the organizational context, the family context, and the succession plan: its influence on the successful succession of family firms

  1. Juan Carlos Ayala Calvo 1
  2. Guadalupe Manzano García 1
  1. 1 Universidad de La Rioja
    info

    Universidad de La Rioja

    Logroño, España

    ROR https://ror.org/0553yr311

Actas:
XXVII International conference of the AEDEM. Local Entrepreneurship and globalisation

Editorial: European Academic Publishers

ISBN: 978-84-09-04503-6

Año de publicación: 2018

Páginas: 290-302

Congreso: XXVII International conference of the AEDEM. Local Entrepreneurship and globalisation. Bucharest, 4-5 September 2018

Tipo: Aportación congreso

Repositorio institucional: lockAcceso abierto Editor

Resumen

The main objective of our work is to propose an integrative model that providesbetter understanding of what the main variables are that condition successfulsuccession in family-owned firms y what the relative importance is of eachvariable. Specifically, we reflect on how the economic context, theorganizational context, the family context, and the succession plan can helpunderstand the degree of success in the succession process. Our model isbased on the idea that this process must take into account both the financialaspects as well as the preservation of the socioemotional wealth of the familybusiness: the non-financial aspects that meet the family's affective needs forbelonging, affection or trust, the spirit of helpfulness or the awareness of thewell-being of others.