Mindfulness and Next-Generation Members of Family Firms: A Source for Sustainability

Unai Arzubiaga, Manel Plana-Farran, Agnès Ros-Morente, Albert Joana and Sílvia Solé
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Unai Arzubiaga: Department of Financial Economics I, University of the Basque Country, 48008 Bilbao, Spain
Manel Plana-Farran: Department of Business Administration, University of Lleida, 25001 Lleida, Spain
Agnès Ros-Morente: Faculty of Education, Psychology and Social Work, University of Lleida, 25001 Lleida, Spain
Albert Joana: Faculty of Education, Psychology and Social Work, University of Lleida, 25001 Lleida, Spain
Sílvia Solé: Faculty of Nursing and Physiotherapy, University of Lleida, 25198 Lleida, Spain

Sustainability, 2021, vol. 13, issue 10, 1-13

Abstract: Family businesses are considered complex organizations where emotional and management challenges need to be faced. This is even more difficult when time of succession arrives and the new members are expected to engage with the business. In this study, a total of 204 university students were asked about their present and future situation regarding the family business. Mindfulness levels were also evaluated using the Mindful Attention Awareness Scale. There were no significant mindfulness level differences between students who pertained to a family business and those who did not. In the first group, however, those students who were sure about their future in the family business, and had more motivation about it, obtained higher scores on the mindfulness scale as well as being more satisfied with their social relationships. It could be concluded that certainty and motivation about their future in a family business of young family business members correlates with higher mindfulness levels and social well-being.

Keywords: family firm successor; mindfulness; family firms; intention to join; future expectations (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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