RT info:eu-repo/semantics/article
T1 Parents’ learning mechanisms for family firm succession: an empirical analysis in Spain through the lens of the dynamic capabilities approach
A1 Martín Cruz, Teresa Natalia
A1 Barros Contreras, Ismael Segundo
A1 Hernangómez Barahona, Juan José
A1 Pérez Fernández, Héctor
K1 Family Business
K1 Family-owned business enterprises - Sucession
K1 Empresas familiares - Sucesiones
K1 Industrial Management
K1 Administración de empresas
K1 Structural equation modeling
K1 Intention
K1 5311 Organización y Dirección de Empresas
AB Succession is a concern for most family firms. The literature has addressed succession in family firms from different perspectives. However, there are still unaddressed questions concerning the microfoundations of succession, and there is a need to secure a better understanding of the succession process and what role parents play therein. Using the dynamic capabilities approach, we shed light on the influence of parents’ behaviors on successors’ intentions. In particular, the paper pursues a twofold aim; first, to analyze the effect of learning mechanisms that parents deliberately use with their children in the family firm on the succession dynamic capability; and second, to explore the impact of this dynamic capability of successor intention to continue in the family firm. We test the model on a sample of potential successors of family firms in Spain. Using partial least squares (PLS) for a sample of 9146 individuals, we confirm the positive impact of the use of parents’ deliberate learning mechanisms on succession dynamic capability and, in turn, the positive effect of the created succession dynamic capability on the successor’s intention to continue the family firm. Furthermore, we find that perceived self-efficacy fails to have any effect on successor intention.
PB MDPI
SN 2071-1050
YR 2020
FD 2020
LK https://uvadoc.uva.es/handle/10324/59031
UL https://uvadoc.uva.es/handle/10324/59031
LA eng
NO Sustainability, 2020, Vol. 12, Nº. 19, 8220
NO Producción Científica
DS UVaDOC
RD 11-jul-2024