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Título
Parents’ learning mechanisms for family firm succession: an empirical analysis in Spain through the lens of the dynamic capabilities approach
Autor
Año del Documento
2020
Editorial
MDPI
Descripción
Producción Científica
Documento Fuente
Sustainability, 2020, Vol. 12, Nº. 19, 8220
Resumo
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.
Materias (normalizadas)
Family Business
Family-owned business enterprises - Sucession
Empresas familiares - Sucesiones
Industrial Management
Administración de empresas
Structural equation modeling
Intention
Materias Unesco
5311 Organización y Dirección de Empresas
ISSN
2071-1050
Revisión por pares
SI
Patrocinador
Ministerio de Economía, Industria y Competitividad - (Proyect ECO2016-78128-P)
Version del Editor
Propietario de los Derechos
© 2020 The Authors
Idioma
eng
Tipo de versión
info:eu-repo/semantics/publishedVersion
Derechos
openAccess
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Formato:
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