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

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dc.contributor.authorKuruppuge, Ravindra Hewa
dc.contributor.authorGregar, Ales
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2018-12-06
dc.date.accessioned2018-12-17T09:28:48Z
dc.date.available2018-12-17T09:28:48Z
dc.description.abstractThe 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.formattext
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dc.identifier.doi10.15240/tul/001/2018-4-011
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/124752
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectfamily businessen
dc.subjectfamily involvementen
dc.subjectbusiness survivalen
dc.subjectbusiness successen
dc.subjectEastern business cultureen
dc.subjectWestern business cultureen
dc.subjectSri Lankaen
dc.subject.classificationM10
dc.titleSurvival and longevity of family businesses: a case of Eastern business cultureen
dc.typeArticleen
local.accessopen
local.citation.epage174
local.citation.spage159
local.facultyFaculty of Economics
local.filenameEM_4_2018_11
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue4
local.relation.volume21
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