WHY SECOND GENERATIONS ARE RELUCTANT TO SUCCEED FAMILY BUSINESS: AN EMPIRICAL STUDY IN CHINESE FAMILY BUSINESS
Approximately 80％ of small and medium-sized enterprises in China are family owned. They consist of the important and integral part of Chinese economy. Currently, most family businesses are experiencing the transition of generations and the founding entrepreneurs still have strong intention to hand over the enterprise to the second generation of family. As smooth succession is unanimously regarded as one of the most important managerial issues for the continuous development of family business, the purpose of this study is to empirically examine what factors and how they would influence the second generations attitude to succeed the family business. 121 family businesses in southern China are surveyed. The results show that value congruence and organizational commitment affect the succession attitude of second generation significantly and the impact of family relationship on succession intention is mediated by organizational commitment. Implication of the results for succession issue is also discussed in the paper.
Succession attitude of second generation Value congruence Q-sort method Family relationship Chinese family business
Hong Li Ran Bian
Graduate School of Management, Graduate University of Chinese Academy of Sciences No.80, Zhongguancu School of Psychology, Beijing Normal University No.19, Xinjiekou Wai Street, Beijing, China, 100875
国际会议
Academy of Innovation and Entrepreneurship 2009(2009创新与创业国际学术会议)
北京
英文
314-322
2009-07-16（万方平台首次上网日期，不代表论文的发表时间）