Family cohesion as a longevity factor in family businessesthe case of Persán

  1. Juan Baños Sánchez-Matamoros 1
  2. Francisco Javier Fernández-Roca 1
  1. 1 Universidad Pablo de Olavide
    info

    Universidad Pablo de Olavide

    Sevilla, España

    ROR https://ror.org/02z749649

Revista:
Revista de historia industrial

ISSN: 1132-7200

Año de publicación: 2017

Número: 70

Páginas: 187-217

Tipo: Artículo

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Otras publicaciones en: Revista de historia industrial

Resumen

The longevity of family businesses is one of the most significant questions in this research from the point of view of knowing the risks and factors that contribute to their long-term survival. We highlight the role of family cohesion as a facilitator of such longevity. Cohesion enables succession, because when problems arise those family businesses and business families that are cohesive are more likely to survive in the long term. The research focuses on SMEs, where the relationship between family and business is more relevant than in large family corporations. In this paper, we illustrate the role of cohesion or its absence in the evolution of a family business – Persán – and how periods of family unity are typically accompanied by phases of business growth and success, as well as how conflict among owning families can slow businesses to a crawl and even lead them to bankruptcy.

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Información de financiación

This research has benefited from financial support (in part) through the Research Project HAR2014-52079-C2-1-P

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