Contributions to Succession in a Family Business from the Perspective of Global University Entrepreneurial Spirit Students’ Survey (GUESSS)

Fabiana Pinto de Almeida Bizarria, Flavia Lorenne Sampaio Barbosa, Fagner Martins Santana, Rogeane Morais Ribeiro and Maria do Socorro Silva Mesquita

International Journal of Economics and Finance, 2022, vol. 14, issue 12, 12

Abstract: Relationship between family support and organizational commitment is investigated, in the attitude of succession in a family business, and, this one, in the succession intention. Therefore, the research operationalizes constructs studied by the Global University Entrepreneurial Spirit Students’ Survey, in a survey with 289 university students from the Federal University in Brazil. Structural modeling showed satisfactory adjustment indices to support the seven hypotheses of the study- family support assumes an important explanatory capacity for the variation of affective commitment (R2=38%), as well as of normative commitment (R2=41%); commitment (affective and normative) assumes an important explanatory capacity for the variation in the succession attitude (R2=49%); and, the suggested relationship between the succession attitude and the succession intention (β=0.775; t=22.772, p=0.000), in addition to being supported, demonstrates the greater explanatory capacity of the predictor construct variation (R2=60%). It was concluded, therefore, that prior planning, with actions that mobilize future family members (successors) can result in the achievement of the longevity of these companies.

Date: 2022
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