Arndt, Werner; Schell, Sabrina; Haunschild, Ljuba (2021). How does a succession influence investment decisions, credit financing and business performance in small and medium-sized family firms? International entrepreneurship and management journal, 17(1), pp. 423-446. Springer 10.1007/s11365-019-00613-5
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We examine the influence of succession in small and medium-sized family businesses by focusing on investment decisions, credit financing, and business performance. Using data on German SMEs, we find that the succession event affects investment behavior negatively before but positively after the transfer takes place when compared to firms without any succession intentions. With respect to performance, we show that firms’ growth rates increase after succession has taken place. Although hypothesized, we find no empirical evidence to suggest that banks tend to reject successors more often than they reject other business owners when deciding to extend credit to firms for investment purposes.
Item Type: |
Journal Article (Original Article) |
|---|---|
Division/Institute: |
03 Faculty of Business, Economics and Social Sciences > Department of Business Management > Institute of Organization and Human Resource Management > Human Resource Management |
UniBE Contributor: |
Schell, Sabrina |
Subjects: |
600 Technology > 650 Management & public relations 300 Social sciences, sociology & anthropology > 330 Economics |
ISSN: |
1555-1938 |
Publisher: |
Springer |
Language: |
English |
Submitter: |
Sabrina Schell |
Date Deposited: |
22 Mar 2021 15:25 |
Last Modified: |
05 Dec 2022 15:49 |
Publisher DOI: |
10.1007/s11365-019-00613-5 |
BORIS DOI: |
10.48350/154191 |
URI: |
https://boris.unibe.ch/id/eprint/154191 |
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