Abstract
The research of the role of women within organizations, studied since different disciplines, has been increasing to try to find out the causes of the lag in their participation; this concern increases when she is a member of a family-owned business. The relevance of the family business in the economy of a country, have increased the interest in knowing it in the last 40 years. Given the prevailing difference regarding access and development within the family business, the question arises about the expectations of women in the succession process. The aim of this research is to identify the factors that influence the decision of the selection of a woman to succeed in the direction of the family business in the next generation. To achieve this, 652 owners of family businesses in four states of the Mexican Republic were surveyed, using a Logit model for their analysis. The results show an important gender influence, since the presence of a female family member in the property and the management will positively influence the selection of another woman. Likewise, the age of the company, its size, and the sector in which it operates are influencing factors.
Highlights
The participation of women within organizations is being studied from different perspectives: their presence in senior management (Moreno, Lafuente and Vaillant, 2018); entrepreneurship and innovation based on their personal and commercial peculiarities (Agarwal, 2019); the characteristics and problems of SMEs led by female managers (Camarena, Saavedra, and Ducloux, 2016); the relationships between the participation of women in property and the financing decisions of SMEs (Briozzo, Albanese and Santolíquido, 2017) and others
For the family generation variable, the results shows that in family business of first generation it does not seem feasible to choose a woman as successor, from the second generation the variable is significant, second generations family business are more likelihood to considered incorporate a woman in the succession process, but in spite of being significant, this significance is very low, on the contrary, from third generation family business, the probability that women are chosen in the process of succession is much greater
Businesses in Mexico are the main driver of the economy and, represent most economic units, due to their high contribution to gross domestic product (GDP) and employment
Summary
The importance of family businesses in national economies has been widely recognized in various countries Research on this type of organization is relatively recent, barely forty years old. The results have allowed us to recognize that the management and commercial behavior of these businesses are significantly influenced by the overlap of business and family (Chrisman, Chua, Le Breton-Miller, Miller, and Steier, 2018). In this sense, Latin America is not the exception, it is estimated that 9 out of 10 companies are family business (Belausteguigoitia, 2017). In Mexico, 99.8% of the 4’230,745 total business units (INEGI, 2015) are micro, small, and medium, of which, close to 90% can be considered family businesses (Ferrón, Simón, Durán & San Martín, 2016; Soto, Garza, Esparza & San Martín, 2015)
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