The role of relationship regulation processes in family business succession
Lessons from a qualitative study
DOI:
https://doi.org/10.14267/VEZTUD.2023.01.03Keywords:
family firms, family relationships, qualitative researchAbstract
The present study applied a family science theoretical framework to examine the importance of the relationship regulation processes – including those of closeness, differentiation, reciprocity, emotions, and time perspectives – during family business succession. The authors present evidence on these associations based on the literature and the results of a qualitative study involving 27 members of 12 Hungarian family-owned SMEs. The results suggested that relationship regulation processes operate interconnectedly and at the systemic level. Moreover, they affect dynamic, non-linear negotiation processes between the incumbent and the potential successor(s) and, through this, succession outcomes. Several recommendations are made.
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