The succession decision in Chinese-Australian family businesses: An exploratory study

This article explores the factors used to make succession choices as ethnic Chinese family business founders integrate into their host country, Australia. An empirical study of six Chinese-Australian family businesses was used to analyse what factors influence the succession decision-making process. Results show three broad factors influenced the founders' decisions, including the aspirations and visions of the business founders, cultural and individual values shaped in the integration process, and the options that are available for succession. Findings challenge the anticipated option of intergenerational succession, with its emphasis on family-oriented collectivistic values as expectations. It provides future support for considering how the cultural value orientation (collectivistic, individualistic, or transitional) has impacted on the founder's succession choices. Further research is required to understand how the flexible, changing, situational founder's succession intentions are manifested among family businesses in cultural transition.