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Family business succession planning: Are the outcomes dependent on the predominant gender in the management board?

Author

Listed:
  • Kay, Rosemarie
  • Pahnke, André
  • Welter, Friederike

Abstract

While existing research on business successions stresses the importance of the economic situation of family business in this context, research on women's entrepreneurship, however, suggests that women-led businesses may be less economically attractive for potential successors because of structural differences in comparison to men-led business. Moreover, the business owner's gender may have an impact on the business succession process and its outcome too. Based on one the largest German establishment surveys which is augmented by additional administrative data, this chapter seeks to further link the two research strands by providing first insights into the impact of family businesses owner's gender on both business succession planning and the outcome of the business succession process. Regarding the outcome of business successions, the results indicate that differences between women- and men-led businesses are not related to gender but to characteristics of the businesses to be handed over.

Suggested Citation

  • Kay, Rosemarie & Pahnke, André & Welter, Friederike, 2024. "Family business succession planning: Are the outcomes dependent on the predominant gender in the management board?," Working Papers 02/24, Institut für Mittelstandsforschung (IfM) Bonn.
    • Handle: RePEc:zbw:ifmwps:303037
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    References listed on IDEAS

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    1. Martina Battisti & Hiroyuki Okamuro, 2010. "Selling, Passing on or Closing? Determinants of Entrepreneurial Intentions on Exit Modes," Global COE Hi-Stat Discussion Paper Series gd10-151, Institute of Economic Research, Hitotsubashi University.
    2. Malmendier, Ulrike M. & D'Acunto, Francesco & Weber, Michael, 2020. "Gender Roles and the Gender Expectations Gap," CEPR Discussion Papers 14932, C.E.P.R. Discussion Papers.
    3. Jacobsen, Ben & Lee, John B. & Marquering, Wessel & Zhang, Cherry Y., 2014. "Gender differences in optimism and asset allocation," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PB), pages 630-651.
    4. Pramodita Sharma & James J. Chrisman & Amy L. Pablo & Jess H. Chua, 2001. "Determinants of Initial Satisfaction with the Succession Process in Family Firms: A Conceptual Model," Entrepreneurship Theory and Practice, , vol. 25(3), pages 17-36, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Gender; family businesses; business succession;
    All these keywords.

    JEL classification:

    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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