Perceived Parental Care and Next-Generation Family Members’ Succession Intentions: The Sequential-Mediating Role of General Self-Efficacy and Perceived Person-Job Fit

ABSTRACT Whereas the existing literature on the relationship between parental behavior and family business succession mainly focuses on parental behavior in the business domain, we highlight the importance of parental behavior in the family domain. Integrating attachment theory, the family business succession literature, and person-job fit literature, our study proposes a theoretical framework hypothesizing that general self-efficacy and perceived person-job fit mediate the association between perceived parental care (an underrepresented family-domain-specific parental behavior) and next-generation family members’ succession intentions. This framework is tested by data from two surveys and further verified by qualitative interviews of next-generation family members. Multivariate analysis results suggest that next-generation family members’ general self-efficacy and perceived person-job fit played a sequential-mediating role in the relationship between perceived parental care and next-generation family members’ succession intentions. Our interviews not only confirm these results but also reveal new insights, particularly into the specific Chinese context in the study of family business succession.

Factors Affecting Family Business Succession in the Food Hawking Business in Malaysia

10.21203/rs.3.rs-37272/v1 ◽

2020 ◽

Author(s):

Jonathan Cho Kin Ng

Keyword(s):

Family Business ◽

Family Members ◽

Theoretical Aspect ◽

Survey Study ◽

Kuala Lumpur ◽

Factors Affecting ◽

The Difference ◽

Business Succession ◽

Potential Moderator

Abstract Food hawking businesses around the world largely contribute to the economy of countries and provides much needed jobs that feed employment, even though earnings are low. The food hawking business in Malaysia is under threat of extinction due to the reluctance of the next generation in taking over the food hawking businesses from the elderships. As research in the area of family business succession is scarce, this study serves to add to the theoretical aspect of the area. The purpose of this study was to analyse the effects of vending environment, operating hours, successor willingness, relationship among family members and preparation level of heir on the intention of family succession in the food hawking business in Malaysia. Leader’s approval was also studied as a potential moderator. The methodology used was a questionnaire survey study design with a sample size of 208, respondents were obtained via convenience sampling from Kuala Lumpur and Penang as hawkers are abundant in these two locations. Findings show that vending environment, successor willingness, relationship among family members and preparation level of heir have a significant effect on the intention of family succession in the food hawking business in Malaysia. Leader’s approval was found to be insignificant as a moderator. Operating hours was not significant, possibly due to the difference in importance placed by Malaysian hawkers in succession.

Effects of parental entrepreneurial performance on the mode of entrepreneurial entry by the next-generation family members: evidence from an emerging economy

Journal of Family Business Management ◽

10.1108/jfbm-09-2021-0100 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Sarah Watiri Muigai ◽

Edward Mungai ◽

S. Ramakrishna Velamuri

Keyword(s):

Small Business ◽

Family Business ◽

Family Members ◽

Business Owners ◽

Small Business Owners ◽

Next Generation ◽

Content Type ◽

Entrepreneurial Entry ◽

Generation Family ◽

Formal Employment

PurposeThe purpose of the paper is to examine the effects of perceived parental entrepreneurial rewards, or PPERs (i.e. the offspring's perception of the degree of parental success in entrepreneurship), on the corporate venturing (CV) mode of entrepreneurial entry and the interaction effects of family business involvement (FBI) and formal employment on the association between PPER and CV by the next-generation family members.Design/methodology/approachA survey was administered to a sample of 738 small business owners in Kenya; of which, 440 small business owners were selected because they grew up in a family business context. A probit model was used to examine the main and interaction effects.FindingsPPERs significantly influenced CV. FBI improves the positive relationship whereas formal employment reduces the effects of PPER on CV.Practical implicationsFamilies in business need to improve conversations with their children to include discussions concerning the intrinsic and extrinsic rewards of running a family business, which may shape not only the entrepreneurial entry path of their offspring but also the willingness to establish businesses that may grow and lead to continuity of the family business of origin.Originality/valueThe study investigates the effect of being embedded in a business family in shaping the CV mode of entrepreneurial entry by the next-generation family members who may not, on the one hand, find independent own founding an attractive option and for whom, on the other hand, the succession mode of entry may not be an option.

Factors Affecting Family Business Succession In The Food Hawking Business In Malaysia

10.31226/osf.io/8mdxe ◽

2020 ◽

Author(s):

Jonathan Cho Kin Ng

Keyword(s):

Family Business ◽

Family Members ◽

Theoretical Aspect ◽

Survey Study ◽

Kuala Lumpur ◽

Factors Affecting ◽

The Difference ◽

Business Succession ◽

Potential Moderator

Food hawking businesses around the world largely contribute to the economy of countries and provides much needed jobs that feed employment, even though earnings are low. The food hawking business in Malaysia is under threat of extinction due to the reluctance of the next generation in taking over the food hawking businesses from the elderships. As research in the area of family business succession is scarce, this study serves to add to the theoretical aspect of the area. The purpose of this study was to analyse the effects of vending environment, operating hours, successor willingness, relationship among family members and preparation level of heir on the intention of family succession in the food hawking business in Malaysia. Leader’s approval was also studied as a potential moderator. The methodology used was a questionnaire survey study design with a sample size of 208, respondents were obtained via convenience sampling from Kuala Lumpur and Penang as hawkers are abundant in these two locations. Findings show that vending environment, successor willingness, relationship among family members and preparation level of heir have a significant effect on the intention of family succession in the food hawking business in Malaysia. Leader’s approval was found to be insignificant as a moderator. Operating hours was not significant, possibly due to the difference in importance placed by Malaysian hawkers in succession.

THE DIFFERENCE PATTERN OF SUCCESSION BETWEEN SECOND GENERATION AND THRID GENERATION FAMILY BUSINESS IN INDONESIA (A REVIEW OF THE MEDIUM-SIZE FAMILY BUSINESS)

Review of Management and Entrepreneurship ◽

10.37715/rme.v3i2.1204 ◽

2019 ◽

Vol 3 (2) ◽

pp. 133-154

Author(s):

Christina Whidya Utami

Keyword(s):

Family Business ◽

Second Generation ◽

Family System ◽

Medium Size ◽

Third Generation ◽

The Third ◽

The Family ◽

Generation Family ◽

Business Succession ◽

The purpose of this study is to find out whether there are differences on pattern of succession between the second and the third generation of family business in Indonesia. Research Design/ Methodology/ Approach: A cross sectional and comparative research design were used in this study, while the data survey was conducted to 41 respondents from the second-generation group and 48 respondents from the third-generation family business; the businesses has run for 5 to 50 years and were categorized as medium size family business. The study used multiple regression test via SPSS to test the hypothesis. Findings: In family business led by the second-generation successor, only personality system affects the family business succession. On the other hand, in family business led by the third-generation, personality, ownership, family, and management system variables affect the success of the family business; meanwhile, family system does not find to affect the family business succession. Research Limitation/ Implication: This study investigates pattern of succession in family business including personality system, ownership system, family system and management system. This study can suggest a solution in the regeneration process of a family business in order to maintain the continuity of the business. limitation: There are some biases found on family’s perspective of the assessment, and the study only focus on medium-size family business. Practical Implications: A right amount of focus on pattern of succession will help the second and the third generation of the family to manifest in business succession. Exploring the second and the third-generation perspectives in regard to succession pattern is the key to maintain the continuity of the family business. Originality/ value: This study offers a pattern of succession from various perspectives, including personal, ownership, family, and management, as well as the relationship to the long-term success of the family business.

Legal regulation of the family members’ entrepreneurial activity and inheritance relations: law enforcement problems

SHS Web of Conferences ◽

10.1051/shsconf/202110801011 ◽

2021 ◽

Vol 108 ◽

pp. 01011

Author(s):

Vladislav Vasilyevich Kudryashov ◽

Valentina Sergeevna Lepeshkina ◽

Irina Vladimirovna Sazonova ◽

Aleksandr Anatolevich Potkin ◽

Viktor Anatolevich Altunin

Keyword(s):

Law Enforcement ◽

Family Business ◽

Family Members ◽

Legal Regulation ◽

Entrepreneurial Activity ◽

Joint Stock Company ◽

Stock Company ◽

The Family ◽

Business Succession ◽

The problem of transition in the line of business assets and obligations succession with regard to norms of civil, family and business law represents an important legal problem as for the matter of family business succession. Russian legislation does not determine the family business succession as a single entity, there exists no special regulation as well as the term “entrepreneurial succession”. The doctrine gives a reasonable conclusion that “practices of the recent past reveal substantial problems of marital regimes legal regulation under a digital transformation of the economy”. Inheriting different properties that can be collectively referred to sphere of entrepreneurial activity causes many problems of similar properties transition in the line of succession in the field of law enforcement. Determining particularities of legal regulation of inheritance relations complicated with business activities in order to ensure efficient regulation of succession to business assets and debts and as well to ensure law enforcement stability. The methodological base for the present scientific research is represented by the system of general scientific and specific scientific methods and research techniques, including a historical method, a logical method, a method of system analysis and research, a comparative legal method, a statistical method, a functional-structural method, methods of analysis and synthesis, a method of specification, an empirical and theoretical method, i.e. analogy, deduction. The authors suppose that in conditions of the world financial crisis complicated with consequences of the coronavirus pandemic small businesses are the most vulnerable, including family businesses. The authors believe that a modern lawyer must have systemic knowledge for efficient application of civil law, inheritance law, family law, entrepreneurial law on the basis of the convergence principle in law. The use of a rather broad methodological base allows determining essential properties of legal regulation of the family members’ entrepreneurial activity and inheritance relations from the point of view of law enforcement problems resolution. As for particularities of inheritance regulations application, a joint-stock company is supposed to have certain mechanisms of the protection of its interests in terms of its shares inheritance. For example, it is possible to envisage the right of a private joint-stock company to discourage inclusion within its shareholders a new participant in line with a similar power of the limited liability companies.

Rough Family Justice: Equity in Family Business Succession Planning

Family Business Review ◽

10.1111/j.1741-6248.1990.00003.x ◽

1990 ◽

Vol 3 (1) ◽

pp. 3-22 ◽

Cited By ~ 36

Author(s):

Glenn R. Ayres

Keyword(s):

Family Business ◽

Succession Planning ◽

Family Members ◽

Best Interests ◽

The Family ◽

Business Succession ◽

For the family business facing succession issues, the approach of rough family justice may serve as an effective guide for preserving relationships among family members by promoting the best interests of the business.

Pengaruh Financial Technology, Succession Planning, Financial Self-Efficacy, dan Personality System terhadap Suksesi Bisnis Keluarga (Studi pada UMKM Bisnis Keluarga Sektor Non-Pertanian di Surabaya)

Jurnal Ilmu Manajemen ◽

10.26740/jim.v9n2.p438-450 ◽

2021 ◽

Vol 9 (2) ◽

pp. 438

Author(s):

Firdania Aulia Azhari

Keyword(s):

Family Business ◽

Succession Planning ◽

Self Efficacy ◽

Agricultural Sector ◽

Negative Effect ◽

Business Succession ◽

Positive Effect ◽

Financial Technology ◽

Personality System

Business succession is critical to have for the continuity of family business. This research focuses on the non-agricultural MSMEs managed by families and located in the Surabaya because BPS data shows that the number of MSMEs in the non-agricultural sector in Surabaya is the highest compared to other cities in East Java Province. This research aimed to determine the effect of financial technology, succession planning, financial self-efficacy, and personality systems on family business succession. They are using a sample of 110 respondents of MSME owners from online and offline questionnaires. Data were analyzed using multiple linear regression and processed using SPSS 26. This research shows that the variables financial technology, financial self-efficacy, and personality system have a significant positive effect. In contrast, the variable succession planning has a significant negative effect. It is hoped that the Surabaya government can use the results of this research to improve socialization related to financial technology, financial self-efficacy, and personality systems for the succession of family businesses can be sustainable.

Factors Affecting Family Business Succession In The Food Hawking Business In Malaysia

10.31219/osf.io/8fm7v ◽

2020 ◽

Author(s):

Jonathan Cho Kin Ng

Keyword(s):

Family Business ◽

Family Members ◽

Theoretical Aspect ◽

Survey Study ◽

Kuala Lumpur ◽

Factors Affecting ◽

The Difference ◽

Business Succession ◽

Potential Moderator

Strategic Planning in Family Business: A Powerful Developmental Tool for the Next Generation

Family Business Review ◽

10.1177/08944865080210030106 ◽

2008 ◽

Vol 21 (3) ◽

pp. 239-258 ◽

Cited By ~ 73

Author(s):

Pietro Mazzola ◽

Gaia Marchisio ◽

Joe Astrachan

Keyword(s):

Strategic Planning ◽

Family Business ◽

Family Firms ◽

Planning Process ◽

Developmental Process ◽

Family Members ◽

Work Relationships ◽

Next Generation ◽

Generation Family ◽

Planning Processes

This article addresses the issue of training next-generation family members once they have joined the management team in their family firm. The qualitative analysis of strategic planning processes of 18 Italian family firms shows that involving next-generation family members in the planning process benefits their developmental process. The findings indicate that this involvement provides the next generation with crucial tacit business knowledge and skills, facilitating interpersonal work relationships between incumbents and next-generation leaders and building credibility and legitimacy for the next generation. The comparative analysis of the cases allowed us to identify the five variables that seem to combine in explaining much of the observed differences in the amount and composition of benefits experienced in the 18 firms. Our findings extend current understanding of two understudied topics in family business: the postentryphase training of the next generation and strategic management in family firms.

Toward the Development of a Family Business Self-Efficacy Scale: A Resource-Based Perspective

Family Business Review ◽

10.1111/j.1741-6248.2007.00091.x ◽

2007 ◽

Vol 20 (2) ◽

pp. 127-140 ◽

Cited By ~ 39

Author(s):

Alex DeNoble ◽

Sanford Ehrlich ◽

Gangaram Singh

Keyword(s):

Qualitative Research ◽

Family Business ◽

Succession Planning ◽

Self Efficacy ◽

Leadership Succession ◽

Qualitative Research Methodology ◽

Skill Requirements ◽

Key Dimensions ◽

Business Succession ◽

Given the importance of succession planning in family-owned businesses, our research is focused on identifying the key dimensions that could comprise a family business self-efficacy scale. We employed an explorative qualitative research methodology by querying a group of family business presidents to describe the skills critical for success. Using a resource-based perspective and relevant family business succession literature, we organized this feedback into a framework depicting the key challenges associated with leadership succession. The presidents' comments highlight a set of general and family business skill requirements that fall into the domains of social and human capital.