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Family Business Review
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Determinants of Longevity and Success in Lebanese Family Businesses: An Exploratory Study

Josiane Fahed-Sreih

Lebanese American University, School of Business, Department of Economics and Management, PO Box 36, Byblos, Lebanon, jsreih{at}lau.edu.lb

Salpie Djoundourian

Lebanese American University, School of Business, Department of Economics and Management, PO Box 36, Byblos, Lebanon, sdjndran{at}lau.edu.lb

This article explores the characteristics of Lebanese family businesses using a sample of 114 firms and tests various propositions regarding the relationships between correlates of effective succession planning and longevity. Successful family businesses in Lebanon exhibit a variety of responses to the variables that are conducive to success. The findings indicate that older firms are more inclined to use a participatory decision-making process, as evidenced by more reliance on advisory boards. A significantly larger proportion of older firms relative to younger ones holds family meetings and has formal redemption and liquidity plans. Firms in our sample are characterized by liberal attitudes: more than 75% consider female ownership acceptable and more than two-thirds of the firms respond positively to potential female CEOs.

Family Business Review, Vol. 19, No. 3, 225-234 (2006)
DOI: 10.1111/j.1741-6248.2006.00071.x
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Home page
 International Small Business JournalHome page
E. Tatoglu, V. Kula, and K. W. Glaister
Succession Planning in Family-owned Businesses: Evidence from Turkey
International Small Business Journal, April 1, 2008; 26(2): 155 - 180.
[Abstract] [PDF]