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Planning for succession in family businesses: a comparison of Arab/Islamic and US practices

Author

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  • Matthew C. Sonfield
  • Robert N. Lussier
  • Josiane Fahed-Sreih

Abstract

This article compares a sample of US family businesses with a sample of Arab/Islamic family businesses from Egypt, Kuwait and Lebanon, with regard to the degree to which top management has formulated specific plans for the future succession of junior family members into top management positions (total N = 485). ANCOVA analysis indicates that the Arab/Islamic family businesses' top managers engage in the formulation of such succession plans to a statistically significant greater degree than do the US managers. The two dissimilar cultural contexts are examined, which offer reasons for this research finding, and implications are presented for future research.

Suggested Citation

  • Matthew C. Sonfield & Robert N. Lussier & Josiane Fahed-Sreih, 2015. "Planning for succession in family businesses: a comparison of Arab/Islamic and US practices," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 15(3), pages 313-330.
    • Handle: RePEc:ids:ijbglo:v:15:y:2015:i:3:p:313-330
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    Citations

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    Cited by:

    1. Muhammad Sadiq Shahid & Razaz Houssien Felimban & Khawar Naheed & Usman Aleem & Shaiza Nawaz, 2018. "Ownership Structures, Investors Confidence And Financial Decisions In Family Firms: Evidence From Gcc Markets," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 14(1), pages 14-15.
    2. Muhammad Sadiq Shahid & Razaz Houssien Felimban & Khawar Naheed & Usman Aleem & Shaiza Nawaz, 2018. "Ownership Structures, Investors Confidence And Financial Decisions In Family Firms: Evidence From Gcc Markets," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 14(1), pages 52-68.
    3. Samara, Georges, 2021. "Family businesses in the Arab Middle East: What do we know and where should we go?," Journal of Family Business Strategy, Elsevier, vol. 12(3).

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