Survival and longevity of family businesses: a case of Eastern business culture

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Show simple item record Kuruppuge, Ravindra Hewa Gregar, Ales
dc.contributor.other Ekonomická fakulta cs 2018-12-06 2018-12-17T09:28:48Z 2018-12-17T09:28:48Z
dc.identifier.issn 1212-3609
dc.description.abstract The main objective of this study is to understand how Sri Lankan family businesses’ survive over the long term, across generations. Even though previous studies on Western business culture have adequately conceptualized operations family businesses, a huge knowledge vacuum and/or several inconsistencies are shown in Eastern business culture in case of survival and longevity of family businesses. Studies from both cultures commonly affirm that family businesses outperform over non-family firms in the short run. Similarly, most studies from Western business culture assure that family businesses are suffering from business survival problem in the long run. Contradicting to this research finding emerged in Western business culture, most Sri Lankan family businesses are reported surviving over generation from the inception. As a result, a requirement of an academic analysis of Sri Lanka family businesses has emerged. Twenty two interviews from twelve family businesses (cases) facilitated an understanding of how family members become dedicated partners of the business and contribute to its survival. Respondents were either managers or owners. Purposive sampling techniques facilitated to select respondents from respective cases. Interviews indicated that education and business challenges motivate family members to remain strongly engaged in the business, as do familial bonds and the subsequent tacit knowledge. Further, respondents revealed the interdependence of business success and the personal success of family members. Therefore, family businesses in the context of Sri Lankan business culture have experienced above-average durations of business survival in comparison to Western business culture. en
dc.format text
dc.format.extent 16 stran cs
dc.language.iso en
dc.publisher Technická Univerzita v Liberci cs
dc.publisher Technical university of Liberec, Czech Republic en
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dc.relation.ispartof Economics and Management en
dc.rights CC BY-NC
dc.subject family business en
dc.subject family involvement en
dc.subject business survival en
dc.subject business success en
dc.subject Eastern business culture en
dc.subject Western business culture en
dc.subject Sri Lanka en
dc.subject.classification M10
dc.title Survival and longevity of family businesses: a case of Eastern business culture en
dc.type Article en
dc.publisher.abbreviation TUL
dc.relation.isrefereed true
dc.identifier.doi 10.15240/tul/001/2018-4-011
dc.identifier.eissn 2336-5604
local.relation.volume 21
local.relation.issue 4
local.relation.abbreviation E+M cs
local.relation.abbreviation E&M en
local.faculty Faculty of Economics
local.citation.spage 159
local.citation.epage 174
local.access open
local.fulltext yes
local.filename EM_4_2018_11

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