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To Join or Not to Join? Understanding the Succession Intentions of Next-generation Family Business Members

Clinton, Eric orcid logoORCID: 0000-0002-3888-8194, Faherty, Catherine orcid logoORCID: 0000-0002-7725-7774, Cowley-Cunningham, Michelle orcid logoORCID: 0000-0002-1997-6009, Smyth, Ian orcid logoORCID: 0000-0003-2333-6757, Murphy, Linda orcid logoORCID: 0000-0003-3135-770X, Lyons, Roisin orcid logoORCID: 0000-0002-3200-4079 and McGeown, John (2024) To Join or Not to Join? Understanding the Succession Intentions of Next-generation Family Business Members. Policy Report. Dublin City University, AIB.

Abstract
Looking towards 2030 and beyond, Irish businesses must address the interlocking challenges of transitioning to a low-carbon economy, embracing digital transformation, and absorbing external shocks and higher operational costs resulting from global insecurity. Given their continued prominence in the Irish economy, family businesses will have a leading role to play in remaining strong when faced with the financial uncertainties, and unexpected shocks that these trends will bring. The NCFB led this timely all-island university partnership, recruiting almost 400 next-generation family business students to give the pursuit of succession in turbulent times a contemporary voice. We found that succession aspirations are healthy across the island of Ireland, and the shaping of next-generation intentions regarding educational choices, sustainability, emotional well-being and socio-emotional wealth has a vital role to play in the realisation of these aspirations. With its rich and novel set of findings and recommendations, this report aims to better inform Irish Government and European Union policy positions on family business succession.
Metadata
Item Type:Monograph (Policy Report)
Refereed:No
Subjects:Business > Family Business
DCU Faculties and Centres:DCU Faculties and Schools > DCU Business School
Publisher:Dublin City University, AIB
Official URL:https://www.dcu.ie/sites/default/files/national_ce...
Funders:AIB
ID Code:29891
Deposited On:17 Apr 2024 10:13 by Michelle Cowley-Cunningham . Last Modified 17 Apr 2024 10:13
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