What is it about?
We compare the level of job satisfaction between founders and family firm successors, finding that the former are 10%-15% more satisfied. We prove that the lower satisfaction of successors is due to their lower perceived discretion in making decisions in their firm.
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Why is it important?
An asset of family businesses - their history and reputation - may become a burden for the second and later generations, who perceive the legacy of the founder as a constrain to their autonomy - even when they are the key decision-maker in their firm.
Perspectives
This study reveals that family businesses are not the realm of happiness, but they may constrain the entrepreneurial spirit of successors, who would be probably happier if they left the family firm.
Giancarlo Lauto
Universita degli Studi di Udine
Read the Original
This page is a summary of: Satisfaction of entrepreneurs: A comparison between founders and family business successors, Journal of Small Business Management, November 2019, Taylor & Francis,
DOI: 10.1080/00472778.2019.1660937.
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