scholarly journals 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)

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 ◽  
Family 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.

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

2007 ◽  
Vol 20 (2) ◽  
pp. 127-140 ◽  
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 ◽  
Family 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.

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

2021 ◽  
pp. 1-39
Author(s):  
Fei Zhu ◽  
Haibo Zhou
Keyword(s):  
Family Business ◽  
Self Efficacy ◽  
Parental Behavior ◽  
Family Members ◽  
Next Generation ◽  
Job Fit ◽  
Generation Family ◽  
Business Succession ◽  
General Self Efficacy ◽  
Family Business Succession

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.

Motives and Outcomes in Family Business Succession Planning

2013 ◽  
Vol 39 (2) ◽  
pp. 299-312 ◽  
Author(s):  
Michael Gilding ◽  
Sheree Gregory ◽  
Barbara Cosson
Keyword(s):  
Family Business ◽  
Succession Planning ◽  
Business Succession ◽  
Family Business Succession

scholarly journals Founder’s Apprehension in Small Family Business Succession in Thailand: Interpretative View of the Situational Distance

SAGE Open ◽  
2019 ◽  
Vol 9 (4) ◽  
pp. 215824401988513
Author(s):  
Tariq H. Malik
Keyword(s):  
Family Business ◽  
Succession Planning ◽  
Discretionary Power ◽  
Small Family ◽  
Cognitive Scripts ◽  
Succession Process ◽  
Functional Context ◽  
Business Succession ◽  
Depth Interviews ◽  
Family Business Succession

Small family businesses (SFBs) encounter disruption during the intergenerational succession unless understood and managed effectively. Even before the succession process begins, the founder’s apprehension about the succession rises to a critical level, and yet a little research has dealt with this issue. We address the issue of the founder’s apprehension through this qualitative study by tracing the causes, contexts, and contours through the accounts of the founder in Thailand. We used 18 in-depth interviews with founders whose business types, their intergenerational succession planning, and regional contexts had similarities. A bricolage between family business as a rational device and a social device reveals whether and how the founder’s mental structures and situated-attention reflected on the focal concept of “apprehension.” We note several findings. First, a combination of cognitive scripts and situated attention altered the founder’s identity vis-à-vis the heir. Following from the functional, relational, locational, temporal, and structural narratives, the founder’s interpreted distance from that of the heir suggests that the discretionary power of the founder varies. Second, this variation translates into apprehension in an order. Third, based on the order of the distance between the founder and heir, the functional and structural narrative take the first and second positions. Third, theoretically, we link the functional context to cognitive and structural context to normative perspectives.

IRS Estate Freeze Rules: Implications for Family Business Succession Planning

1994 ◽  
Vol 7 (1) ◽  
pp. 61-71 ◽  
Author(s):  
Donald F. Kuratko ◽  
Helga B. Foss ◽  
Lucinda L. VanAlst
Keyword(s):  
Family Business ◽  
Succession Planning ◽  
Internal Revenue Service ◽  
Business Planning ◽  
Internal Revenue ◽  
Business Succession ◽  
Family Business Succession

This article examines the estate freeze rules of the Internal Revenue Service with respect to their implications for family business succession planning. Specifically, the tax impact of the valuation rules for transfers of certain interests, transfers in trust, buy-sell agreements, and lapsing rights are all reviewed in order to provide recommendations for family business planning.

Family business succession planning

1999 ◽  
Vol 42 (5) ◽  
pp. 2-4 ◽  
Author(s):  
Paul E Dascher ◽  
William G Jens
Keyword(s):  
Family Business ◽  
Succession Planning ◽  
Business Succession ◽  
Family Business Succession

scholarly journals THE CHALLENGES OF FAMILY BUSINESS SUCCESSION PROCESS: A CASE STUDY OF TWO MAJOR BATIK PERANAKAN ENTREPRENEURS IN PEKALONGAN AND SOLO

2021 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Lili Kristanti ◽  
Maureen Nuradhi
Keyword(s):  
Family Business ◽  
Succession Planning ◽  
Research Method ◽  
Future Generations ◽  
The Third ◽  
Succession Process ◽  
The Difference ◽  
Business Succession ◽  
Family Business Succession

<p>Family business has many challenges to sustain for generations. Two legendary Peranakan batik entrepreneurial families halted their businesses at the third generation and this research looks for the causes of this failure. Through qualitative research method, the conclusion drawn is that there is no mature succession planning from the predecessor to the successor. Meanwhile, the difference in motivation and commitment of the next generation of these two family businesses do not seem to cause a difference in the final journey of Batik Oey Soe Tjoen and Batik Tiga Negeri. Factors beyond succession planning and commitment of future generations can be subject to further research studies.</p><p> </p>

Rough Family Justice: Equity in Family Business Succession Planning

1990 ◽  
Vol 3 (1) ◽  
pp. 3-22 ◽  
Author(s):  
Glenn R. Ayres
Keyword(s):  
Family Business ◽  
Succession Planning ◽  
Family Members ◽  
Best Interests ◽  
The Family ◽  
Business Succession ◽  
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.

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