The Impact of Intergenerational Succession Intention on Family Firm’s Innovation Strategy: Evidence from China

Shuai Song (), Lixin Zhou (), Stavros Sindakis (), Sakshi Aggarwal () and Charles Chen ()
Additional contact information
Shuai Song: Southwest University of Political Science & Law
Lixin Zhou: Chongqing Technology and Business University
Stavros Sindakis: Chongqing Technology and Business University
Sakshi Aggarwal: Institute of Strategy, Entrepreneurship and Education for Growth
Charles Chen: University of Phoenix

Journal of the Knowledge Economy, 2024, vol. 15, issue 1, No 9, 204-237

Abstract: Abstract In the development and growth of family businesses, succession is an unsolvable problem, which is also a popular focus of academic research. For a family firm, succession may be a strategic decision but also a long-term and intricate “footrace.” It will have a significant impact on the long-term viability of a family firm if it is not handled appropriately. This study mainly explores the influences of family business owners’ intergenerational succession intention on their family firms’ innovation strategy in China. In addition, this study further examines the moderating role of the institutional environment in the above relationship. Therefore, the data in this article comes from a survey of 271 family businesses in eight different regions of China. Also, this paper can aid the smooth transition of intergenerational transmission of small and medium-sized family businesses in addition to the untroubled development of technological innovation activities. Specifically, the institutional environment plays a negative moderating role in the relationship between family succession, radical succession, technological innovation, and a positive regulating role in the relationship between single equity succession and technological innovation.

Keywords: Chinese family business; Intergenerational succession intention; Institutional environment; Innovation investment; Innovation output (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s13132-022-01078-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jknowl:v:15:y:2024:i:1:d:10.1007_s13132-022-01078-8

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/13132

DOI: 10.1007/s13132-022-01078-8

Access Statistics for this article

Journal of the Knowledge Economy is currently edited by Elias G. Carayannis

More articles in Journal of the Knowledge Economy from Springer, Portland International Center for Management of Engineering and Technology (PICMET)
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().