Assessment of causal relationship amid enablers of successful transition of management succession in family-owned businesses – a study of the South Asian Nations
Abstract
The present study was done to evaluate the causal relationship amid the enablers of successful transition of management succession in family-owned business in South Asian Nations. This was an empirical study where owners of family-run business across various South Asian countries were interviewed. In this study we used the Decision-Making Trial and Evaluation Laboratory (DEMATEL) approach to examine the causal relationship among the twelve variables which were identified by examining the existing literature. The findings of the research demonstrated that formal education, well defined succession plan, early affiliation in business etc. formed the cause group and shared vision for future, active involvement of the successor/s in the succession process, tacit knowledge transfer, building trust and credibility in successors and competence over gender etc. formed the effect group.
Keyword : shared vision, successor preparation, early affiliation, intrinsic motivation, DEMATEL technique, family owned business
How to Cite
Agrawal, R., Saxena, C., Mendon, S., Popescu, V., Birau, R., & Caruntu, G. A. (2025). Assessment of causal relationship amid enablers of successful transition of management succession in family-owned businesses – a study of the South Asian Nations. Journal of Business Economics and Management, 26(1), 186–209. https://doi.org/10.3846/jbem.2025.23500
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
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Chirapanda, S. (2020). Identification of success enablers for sustainability in family businesses: Case study method and exploratory research in Japan. Journal of Family Business Management, 10(1), 58–75. https://doi.org/10.1108/JFBM-05-2019-0030
Chrisman, J. J. (2019). Stewardship theory: Realism, relevance, and family firm governance. Entrepreneurship Theory and Practice, 43(6), 1051–1066. https://doi.org/10.1177/1042258719838472
Chua, J. H., Chrisman, J. J., & Sharma, P. (2003). Succession and non-succession concerns of family firms and agency relationship with nonfamily managers. Family Business Review, 16(2), 89–107. https://doi.org/10.1111/j.1741-6248.2003.00089.x
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Dytczak, M., & Ginda, G. (2016). DEMATEL-based ranking approaches. The Central European Review of Economics and Management, 16(3), 191–202. https://doi.org/10.29015/cerem.226
Fang, C. C., Huang, S. W., Liou, J. J. H., & Tzeng, G. H. (2023). A model for successor selection and training in the family-owned traditional manufacturing businesses: Bi-fuzzy approaches of triangular fuzzy and single-valued neutrosophic set. International Journal of Fuzzy Systems, 25(3), 1256–1274. https://doi.org/10.1007/s40815-022-01441-6
Ferrari, F. (2023). The postponed succession: An investigation of the obstacles hindering business transmission planning in family firms. Journal of Family Business Management, 13(2), 412–431. https://doi.org/10.1108/JFBM-09-2020-0088
Franco, M., Nagilla, M., & Rodrigues, M. (2023). The presence of women in family SMEs’ succession process: A conceptual framework guided by gender perspective. Journal of Family Business Management. https://doi.org/10.1108/JFBM-01-2022-0008
Gagné, M., Marwick, C., Brun de Pontet, S., & Wrosch, C. (2021). Family business succession: What’s motivation got to do with it? Family Business Review, 34(2), 154–167. https://doi.org/10.1177/0894486519894759
Ge, B., & Campopiano, G. (2022). Knowledge management in family business succession: Current trends and future directions. Journal of Knowledge Management, 26(2), 326–349. https://doi.org/10.1108/JKM-09-2020-0701
Georgiou, T., Papasolomou, I., Vrontis, D., & Thrassou, A. (2023). Market-oriented succession effectiveness in family business–Case-based evidence from Cyprus family-owned wine business. Journal of Business Research, 165, Article 114050. https://doi.org/10.1016/j.jbusres.2023.114050
Gomez-Mejia, L. R., Cruz, C., Berrone, P., & De Castro, J. (2011). The bind that ties: Socioemotional wealth preservation in family firms. Academy of Management Annals, 5(1), 653–707. https://doi.org/10.5465/19416520.2011.593320
Gupta, V., Levenburg, N. M., Moore, L. L., Motwani, J., & Schwarz, T. V. (2013). Organizational model of the Southern Asia cluster family businesses. The South East Asian Journal of Management, 1(2), Article 1. https://doi.org/10.21002/seam.v1i2.1787
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