Determinants Of Longevity And Success In Lebanese Family Businesses: An Exploratory Study  

Oleh:

Fahed-Sreih, Josiane ; Djoundourian, Salpie

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Family Business Review vol. 19 no. 3 (Sep. 2006), page 225-234.
Fulltext: 225.pdf (115.48KB)

Isi artikel

This article explores the characteristics of Lebanese family businesses using a sample of 114 firms and tests various propositions regarding the relationships between correlates of effective succession planning and longevity. Successful family businesses in Lebanon exhibit a variety of responses to the variables that are conducive to success. The findings indicate that older firms are more inclined to use a participatory decision-making process, as evidenced by more reliance on advisory boards. A significantly larger proportion of older firms relative to younger ones holds family meetings and has formal redemption and liquidity plans. Firms in our sample are characterized by liberal attitudes: more than 75% consider female ownership acceptable andmore than two-thirds of the firms respond positively to potential female CEOs.

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