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Mosaic of Factors Promoting Succession Strategies in the New Financial Context of Moroccan Companies: Focus on Family Businesses

Author

Listed:
  • Azzeddine Allioui

    (ESCA Ecole de Management, Chair of Moroccan Family Businesses, Morocco)

  • Omar Aoudi

    (IEGTIC Laboratory, Moulay Ismail University, Meknes, Morocco)

  • Moataz Bellah Alaya

    (LRFCG-SIAD Laboratory, Hassan I University, Settat, Morocco)

Abstract

The purpose of this research is to examine the relationship between family governance specificities of the Moroccan unlisted businesses and the success of succession strategies. The study conducted qualitative research using semi-structured interviews with managers from a sample of 20 unlisted Moroccan family businesses, including 8 SMEs, 6 large firms, and 6 VSEs. The results highlight the influence of Moroccan cultural specificities on the governance processes, and consequently, the success of family business succession. These influences essentially manifest themselves in two antecedents: succession planning and process, and cultural constraints that manifest in different configurations of family business succession governance.

Suggested Citation

  • Azzeddine Allioui & Omar Aoudi & Moataz Bellah Alaya, 2023. "Mosaic of Factors Promoting Succession Strategies in the New Financial Context of Moroccan Companies: Focus on Family Businesses," Scientia Moralitas Journal, Scientia Moralitas, Research Institute, vol. 8(1), pages 46-61, July.
    • Handle: RePEc:smo:journl:v:8:y:2023:i:1:p:46-61
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    References listed on IDEAS

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    1. repec:bla:jfinan:v:58:y:2003:i:3:p:1301-1327 is not listed on IDEAS
    2. Andres, Christian, 2008. "Large shareholders and firm performance--An empirical examination of founding-family ownership," Journal of Corporate Finance, Elsevier, vol. 14(4), pages 431-445, September.
    3. Ronald C. Anderson & David M. Reeb, 2003. "Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500," Journal of Finance, American Finance Association, vol. 58(3), pages 1301-1328, June.
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