Advances in Management and Applied Economics

Contradictions between Founders and Successors in Taiwan’s Family Business Inheritance: A Qualitative Study

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• Abstract

   

  The family business is among the oldest forms of business organization. Taiwan’s family businesses have been continuously operating with family control for decades. This study investigates how to reduce future barriers to succession and especially to focus on the issue related to existing contradictions between founders and successors. This study adopts a qualitative research, carrying out in-depth interviews with four aspects composed of succession plan, connections and conflicts, willingness of successor, and competence of successor, and using four pairs of father and son as our research sample. By exploring how high-quality relationships could be developed between next-generation family businesses’ leaders, the findings result of this study contributes to a finer-grained understanding of successful intergenerational succession in SME family businesses.

   

  JEL classification numbers: B55, C83, L21.

  Keywords: Family business, Inheritance, Succession plan.