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Succession Model for Family Businesses in the Highway-Building Field

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  • Roman Alberto Quijano

    (Universidad Autonoma de Campeche, Mexico)

  • Deneb Eli Magaña

    (Universidad Juarez Autonoma de Tabasco, Mexico)

Abstract

Family businesses comprise 90% of production in Mexico’s building sector, and are complex because of continuous uncertainty in their management and operations. This paper investigates building companies, specifically highway-building companies, because they provide employment to non-highly educated people in Mexico, who cannot easily access other employment opportunities. Moreover, this sector helps regional economic development in general. This work is a descriptive and non-experimental transversal study. Data were collected by surveying the owners and interviewing their children who work as managers in such companies. The results indicate that the educated population under study is mainly found in the first generation and that they do not consider formal assessment in realizing a generational transition plan. This study contributes to the literature by proposing a transition model which describes the environments, causes, participants and strategies necessary to enable generational transition for these particular family companies; however, it may be adapted for other companies in analogous contexts.

Suggested Citation

  • Roman Alberto Quijano & Deneb Eli Magaña, 2014. "Succession Model for Family Businesses in the Highway-Building Field," International Journal of Business and Social Research, LAR Center Press, vol. 4(1), pages 31-47, January.
    • Handle: RePEc:lrc:larijb:v:4:y:2014:i:1:p:31-47
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    References listed on IDEAS

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    1. Shu‐hui Lin & Shing‐yang Hu, 2007. "A Family Member or Professional Management? The Choice of a CEO and Its Impact on Performance," Corporate Governance: An International Review, Wiley Blackwell, vol. 15(6), pages 1348-1362, November.
    2. Manuel Vallejo, 2008. "Is the Culture of Family Firms Really Different? A Value-based Model for Its Survival through Generations," Journal of Business Ethics, Springer, vol. 81(2), pages 261-279, August.
    3. Sabine B. Klein & Joseph H. Astrachan & Kosmas X. Smyrnios, 2005. "The F–PEC Scale of Family Influence: Construction, Validation, and Further Implication for Theory," Entrepreneurship Theory and Practice, , vol. 29(3), pages 321-339, May.
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