Tracking family businesses and their owners over time: Panel attrition, manager departure and business demise

Mary Winter, Sharon M. Danes, Sun Kang Koh, Kelly Fredericks, Jennifer J. Paul

Research output: Contribution to journalArticlepeer-review

76 Scopus citations

Abstract

Analyses of business owners from whom data were gathered in 1997 and 2000 are used to predict two family business phenomena: the continued involvement by the owner-manager in the business and the continuation of the business. The most important factor in continuity is the respondent's assessment of the business as a success; successful businesses continue or are sold or gifted when the owner-manager leaves the business. Ceasing to be involved in a business should not be viewed as a business or a managerial failure. Some changes may be failures, but others should be viewed as ordinary business or family developments.

Original languageEnglish (US)
Pages (from-to)535-559
Number of pages25
JournalJournal of Business Venturing
Volume19
Issue number4
DOIs
StatePublished - Jul 2004

Bibliographical note

Funding Information:
Data for this paper are from the Cooperative Regional Research Project NE-167, “Family businesses: interaction in work and family spheres,” partially supported by the Cooperative States Research, Education and Extension Service (CSREES), U.S. Department of Agriculture and the experiment stations at the University of Hawaii at Manoa, University of Illinois, Purdue University (Indiana), Iowa State University, Michigan State University, University of Minnesota, Montana State University, University of Nebraska, Cornell University (New York), North Dakota State University, The Ohio State University, The Pennsylvania State University, Texas A&M University, Utah State University, University of Vermont, University of Wisconsin-Madison and the Social Sciences and Humanities Research Council of Canada (for the University of Manitoba) and from the Cooperative Regional Research Project NE-167, “Family business viability in economically vulnerable communities,” partially supported by the Cooperative States Research, Education and Extension Service, U.S. Department of Agriculture and the experiment stations at the University of Hawaii at Manoa, University of Illinois, Purdue University (Indiana), Iowa State University, University of Minnesota, Cornell University (New York), North Dakota State University, The Ohio State University, Oklahoma State University, Utah State University and University of Wisconsin-Madison.

Keywords

  • Business demise
  • Business owners
  • Family businesses
  • Manager departure
  • Panel attrition

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