The Influence of Intergenerational Succession of Family Business on Its Performance—Taking Enterprise Innovation as a Mediating Variable
| Autor: | Xiaofei Cai, Jianjun Yu |
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| Rok vydání: | 2017 |
| Předmět: | |
| Zdroj: | American Journal of Industrial and Business Management. :798-815 |
| ISSN: | 2164-5175 2164-5167 |
| DOI: | 10.4236/ajibm.2017.76057 |
| Popis: | Intergenerational succession is a critical stage that most Chinese family businesses are in or will be in. Therefore, problems like what influence of intergenerational succession will have on performance of family businesses and what their internal action mechanisms and action paths will be like are worthy to be discussed. Taking 1028 sample data of A-share listed family businesses in Shenzhen and Shanghai during 2010 to 2014 as study objects, the essay discussed direct influence of intergenerational succession on performance of family businesses and mediating effect of enterprise innovation on intergenerational succession and performance of family businesses by use of multiple regressions. Research results indicated that there had a negative correlation between intergenerational succession and performance of family businesses, and between intergenerational succession and enterprise innovation, and moreover, part of mediating effect of enterprise innovation on intergenerational succession and performance of family businesses was obvious. It means that intergenerational succession leads to the decline of performance of family businesses, and one of the mechanisms is that intergenerational succession reduces innovation investment of enterprises. The research results could provide a reference to family businesses in arrangement of innovation strategy and management of enterprise performance in the stage of intergenerational succession. |
| Databáze: | OpenAIRE |
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