Succession Intention in Continuing Family Business in Indonesia during the Covid-19 Pandemic

Abstract

The Covid-19 pandemic disrupted many industries and created a different reality of function in terms of several aspects, including family business and succession. This paper discusses how family business successor intentions regarding succeeding the family business in the near future have been affected by the pandemic. The subjects of our study are senior undergraduate business students that could potentially become successors in their family business. Our model is based on the Intention Model from the Theory of Perceived Behaviors, modified from our previous study with Intention to succeeding family business as the dependent variable. Data of 203 valid respondents was collected through quantitative survey and analyzed using a multiple linear regression model. The results of our study show that, during the pandemic, the intention of the heirs of the family business in succeeding his/her family business will be determined by the successor’s own attitude in succeeding family business, campus education, familiness, and resiliency of family business situation in facing the pandemic.

The Influence of Parental Support Dimensions in Shaping the Intention to Continue the Family Business Daughter Successors With Self-Efficacy as a Mediator

“…In essence, self-efficacy is a significant determinant in elucidating the impact of instrumental assistance on succession intention. However, it is important to acknowledge the existence of additional factors that contribute to this phenomenon (Pribadi &;Agustiawan, 2021).…”

Examining Business Undergraduate Students’ Intention for Creating Sustainable Entrepreneurship in Indonesia

“…Based on the statistical result that can be examined in Table 1, previous hypotheses that are already established can now be proven. (Pribadi & Agustiawan, 2022). By considering the characteristics of this research population, which includes members of Generation Z, some interesting insights might be able to offer an answer to the situation.…”

“…Career choice for students with a family business background could also affect their intent to create a sustainable business. Previous studies show that having a family business background conflicts with entrepreneur career choice because of the higher possibility of working in students' own family business (Pribadi & Agustiawan, 2022). Data samples will be taken from the population of business major undergraduate students from Universitas Prasetiya Mulya in Jakarta, Indonesia, especially those in their senior years (year 3 and 4).…”