The mediating effect of family business self-efficacy on parental support and succession intention relationship

Abstract

PurposeDrawing on the social cognitive theory, this research examines the relationship of perceived parental support factors and the next-generation succession intention in the family business regarding the mediating effect of family business self-efficacy factors.Design/methodology/approachThis study uses the structural equation modelling method to analyse 16,521 cases from the global university entrepreneurial students' spirit survey (GUESSS) 2018 project.FindingsThis study provides evidence that parental support can influence the family business self-efficacy of the next-generation members, leading to succession intention of the family business. However, having high self-efficacy towards non-family members does not necessarily increase next-generation members' intention to engage in family business succession.Research limitations/implicationsThis research lacks information about the next-generation's perception of parental psychological control, which is needed to examine the model of next-generation engagement more comprehensively in the family business.Originality/valueAttempting to complement the family business literature, this study provides evidence about the determinants of next-generation members' succession intention and extends prior discussions on family business self-efficacy.

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

“…Therefore, this study shows that the intention to continue the family business of female successors is also related to parental support. This research is also related to previous research on parents that can influence the formation of beliefs to self-efficacy to continue the family business (Suhartanto, 2022;Garcia et al, 2019).…”

“…Career-related modeling can be supported when parents involve children through the family business so that the next generation can learn directly the learning related to the family business. Because of this, it can also increase the confidence level of the next generation to continue the family business (Suhartanto, 2022). H2: Career-Related Modeling toward Self-efficacy…”

“…Based on the literature, prospective successors have several characteristics, one of which is selfefficacy (Suhartanto, 2022). Self-efficacy is a belief in the ability to succeed in completing a specific task (Heslin & Klehe, 2006).…”

Exploring Family Businesses Succession in Indonesia: The Knowledge Management Lenses

“…However, succession also involves unique contextual factors that must be considered over time, including different stakeholders (Wang et al, 2019). A study by (Suhartanto, 2022;Zybura et al, 2021a) The study found that high-performing and sustainable family businesses share several common succession characteristics (Bertolozzi-Caredio et al, 2020), such as a good relationship between predecessors and successors (Woodfield & Husted, 2017a), The successor's experience in subordinate roles outside the business enables them to gradually take on leadership responsibilities (Zybura et al, 2021b), The organizational culture that values learning and growth, and the successor's commitment to the business (Tang & Hussin, 2020b).…”

Succession intentions of daughters in family businesses: experiences from Sri Lanka

“…Considering the importance of succession to family firms, accumulating research has explored the factors affecting intergenerational succession. Yet little insights on what drives succession intentions among the next generation remain scarce (Lyons et al, 2023;Suhartanto, 2022). This lack of understanding is due to the focus of family business literature on incumbents rather than successors and an emphasis on "firm level processes and outcomes rather than individual or family level predictors" (Garcia et al, 2018, p. 225).…”