Succession scenarios in Polish family firms. Empirical Study (Chapter 8)

Surdej, Aleksander and Wach, Krzysztof (2010): Succession scenarios in Polish family firms. Empirical Study (Chapter 8). Published in: Managing Ownership and Succession in Family Firms, eds. A. Surdej, K. Wach, Scholar, Warszawa 2010 (2010): pp. 121-134.

Abstract

The paper elaborates on succession planning among Polish family businesses. Research survey was conducted on a random sample of 496 family enterprises in first quarter of 2009 (first phase, survey) and 61 family enterprises in third quarter of 2009 (second phase, in-depth-interview). The main aim of the paper is to identify the succession strategies (especially the ways in which they attempt to balance the strive to maintain family’s control over the company with the goal of firm’s growth) of the first generation of Polish entrepreneurs.

• Item Type: MPRA Paper
• Language: English
• Keywords: family businesses, family entrepreneurship, succession planning
• Subjects: L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L20 - General; L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L26 - Entrepreneurship; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M10 - General; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M2 - Business Economics > M20 - General; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M13 - New Firms ; Startups

References

Ali A., Chen T.Y., Radhakrishnan S. (2007) Corporate Disclosures by Family Firms, in Journal of Accounting and Economics, vol. 44 (2007) p. 238–286.

Chandler A. (1990): Scale and Scope: The Dynamics of Industrial Capitalism, Cambridge, MA: Harvard University Press.

Fleming P. D. (1997): Case Study—Helping Business Owners Prepare for the Future, “Journal of Accountancy”, May. Holmstrom B., Milgrom P. (1991): Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design, in Journal of Law, Economics and Organization, vol. 7(0), pages 24-52, Special I.

La Porta R., Lopez-de-Silanes F., Shleifer A., (1999): Corporate Ownership around the World, in Journal of Finance, 54: 471-517.

Lyon D.W., Lumpkin G.T., Dess G.G., (2000): Enhancing Entrepreneurial Orientation Research: Operationalizing and Measuring a Key Strategic Decision Making Process, “Journal of Management”, vol. 26, no. 5

Matthews C. H., Moore T. W., Fialko, A. S. (1999): Succession in the Family Firm: A Cognitive Categorization Perspective, “Family Business Review”, 12(2), 159-169.

Surdej A. (2009), Succession in Family Firms: Development Economics Perspectives, Working Report, United Nations University – World Institute for Development Economics Research, Helsinki (mimeo).

Surdej A., Wach K. (2010), Succession Planning in Polish Family Businesses: An Exploratory Investigation (chapter 4) Published in: Exploring the Dynamics of Entrepreneurship, edited by Aleksander Surdej and Krysztof Wach, Adam Marszałek Publishing House, Torun 2010, pp. 62-74.

Tighe Ch. (2009), Descendants in the Ascendancy, “Financial Times”, August 5.

Wach K., (2011), Polityka Unii Europejskiej w zakresie sukcesji przedsiębiorstw (European Union Policy in the Field of Enterprise Succession), „Zeszyty Naukowe Uniwersytetu Ekonomicznego w Krakowie”, Kraków.

Ward J.L., (2004): Perpetuating the Family Business, New York, Palgrave Macmillan.