Abstract

ABSTRACT Transgenerational succession remains one of the most studied topics in the family business literature. Despite this attention, little is known about a particular type of succession, one in which a child successor forcibly supplants a parental incumbent. Given that children can and often do push their parents out of the family business, insight into the forced transgenerational succession process is needed. Accordingly, we engaged in an 18-month qualitative study of a family-owned South African textile firm in which the daughter forcibly wrested control of the business from her mother. The findings contribute to theory by showing that cohesive family bonds underpinned the succession and that kinship bonds remained strong even after the forced succession. Practical implications and directions for future research are discussed.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.