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The Role of Advisors and The Sequence of Their Actions in Sibling Team Succession

Author

Listed:
  • Luis Cisneros

    (HEC Montréal - HEC Montréal)

  • Bérangère Deschamps

    (CERAG - Centre d'études et de recherches appliquées à la gestion - UPMF - Université Pierre Mendès France - Grenoble 2 - CNRS - Centre National de la Recherche Scientifique)

Abstract

Succession is one of the most-studied topics in family firm research. However, research into succession to more than one child remains scarce despite the practice being common. Based on six case studies of successions in small and medium-sized enterprises (SMEs) showing strong growth, our exploratory research identifies the advisors involved in sibling team successions; it then investigates the impact of family and non-family advisors on succession to siblings. Our findings show that the advisors work at three levels: business, family and individual. We propose a new categorization of advisors and pinpoint the timing of their actions. Our results bring to light the importance of the hidden advisors who are, for the most part, the most trusted.

Suggested Citation

  • Luis Cisneros & Bérangère Deschamps, 2015. "The Role of Advisors and The Sequence of Their Actions in Sibling Team Succession," Post-Print hal-01983128, HAL.
    • Handle: RePEc:hal:journl:hal-01983128
    DOI: 10.3917/mana.184.0282
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    Cited by:

    1. Cisneros, Luis & Deschamps, Bérangère & Chirita, Gabriel M. & Geindre, Sébastien, 2022. "Successful family firm succession: Transferring external social capital to a shared-leadership team of siblings," Journal of Family Business Strategy, Elsevier, vol. 13(3).
    2. Luis Cisneros & Mihai Ibanescu & Christian Keen & Odette Lobato-Calleros & Juan Niebla-Zatarain, 2018. "Bibliometric study of family business succession between 1939 and 2017: mapping and analyzing authors’ networks," Scientometrics, Springer;Akadémiai Kiadó, vol. 117(2), pages 919-951, November.

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