Continuation Commitment: Family’s Commitment to Continue the Family Business

Raj Mahto (), Peter Davis () and Dmitry Khanin ()

Journal of Family and Economic Issues, 2014, vol. 35, issue 2, 278-289

Abstract: This study investigates what influences families’ commitment to continue a family business, or continuation commitment. We hypothesize that top executives’ cultural capital, family members’ satisfaction with the firms past performance and their aspirations regarding its future performance, as well as the level of family involvement in the family business represent key factors underlying continuation commitment. In addition, we suggest the interaction effects among the identified factors that affect a family’s commitment will be higher in the founder generation compared to successive generations of family owners. Analysis of a dataset of 2,168 family firms from a nationwide survey provided support for most hypotheses. Copyright Springer Science+Business Media New York 2014

Keywords: Family business continuance; Commitment; Cultural capital; Family involvement; Performance satisfaction-aspirations (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/s10834-013-9367-y

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