Authors: Charbel Karam, Wafica Ghoul
Addresses: Faculty of Business Administration, Universite Saint-Esprit de Kaslik (USEK), B.P. 446, Jounieh, Lebanon. ' School of Business Administration, Lebanese International University (LIU), P.O. Box 146404, Mazraa, Beirut, Lebanon
Abstract: This paper examines whether early succession planning in Lebanese family-owned firms has an immediate impact on their financial performance and hence their continuity. We have surveyed 50 privately held Lebanese family-owned firms and conducted a statistical analysis of their responses. Our findings show that early and proper succession planning impacts future financial performance rather than having immediate consequences.
Keywords: family-owned firms; financial performance; return on assets; return on equity; sales growth rates; succession planning; firm continuity; Lebanon; private companies.
International Journal of Business and Globalisation, 2010 Vol.5 No.2, pp.200 - 210
Published online: 02 Aug 2010 *Full-text access for editors Access for subscribers Purchase this article Comment on this article