Is There a Managerial Gap in Case of Business Succession? Answers from an Evolutionary Viewpoint

41 Pages Posted: 9 May 2009 Last revised: 11 May 2009

See all articles by Jörg Freiling

Jörg Freiling

University of Bremen - Faculty of Business Studies and Economics

Martin Gersch

Free University of Berlin (FUB); Ruhr Universität Bochum

Date Written: May 8, 2009

Abstract

Why does a managerial vacuum in case of inter-family business succession occur? Latest insights of entrepreneurship theory and path dependency are used to address this research question. Employing a co-evolutionary view, the managerial vacuum will be conceptualized from both the macro and micro level. Path dependency opens the perspective to a process-oriented interpretation of causes, effects, and managerial implications concerning a period of high uncertainty but at the same time of high importance for family businesses. First research propositions summarize and condense the findings and serve as a benchmark of ongoing research.

Keywords: Business Succession, Managerial Vacuum, Revitalization, Entrepreneurship Theory, Co-Evolutionary Theory, Path Dependency, SME, Family Business

JEL Classification: M13, M20

Suggested Citation

Freiling, Jörg and Gersch, Martin, Is There a Managerial Gap in Case of Business Succession? Answers from an Evolutionary Viewpoint (May 8, 2009). Available at SSRN: https://ssrn.com/abstract=1401306 or http://dx.doi.org/10.2139/ssrn.1401306

Jörg Freiling (Contact Author)

University of Bremen - Faculty of Business Studies and Economics ( email )

Wilhelm-Herbst-Str. 5
Bremen, D-28359
Germany
++49 421 218 66870 (Phone)
++49 421 218 66902 (Fax)

HOME PAGE: http://www.lemex.uni-bremen.de

Martin Gersch

Free University of Berlin (FUB) ( email )

Berlin, 12209
Germany

HOME PAGE: http://www.fu-berlin.de

Ruhr Universität Bochum ( email )

Universitatsstrabe 150
Bochum, 44780
Germany

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