DOI QR코드

DOI QR Code

Analysis of Factors that Affect Successor Satisfaction in Family Firms

  • Cho, Namjae (School of Business, Hanyang University) ;
  • Kim, Ji-Hee (Richard J. Wehle School of Business, Canisius College) ;
  • Yu, Giseob (School of Business, Hanyang University)
  • 투고 : 2018.04.28
  • 심사 : 2018.07.07
  • 발행 : 2018.09.30

초록

This study is to find effects between the level of preparation of factors and the satisfaction of successors. Independent variables are the level of preparations of successors and divided by three detailed type, the level of preparation of management ability, the level preparation of positive succession attitude and the level of preparation of ownership succession. A dependent variable is the satisfaction of successors and a moderating variable is the level of communication between successees and successors. This study was undertaken in South Korea among 59 successors in 59 family firms. A total of 53 samples were available to use for the research. The empirical results indicate that the level of preparation of successors, management ability, positive succession attitude and ownership succession, is associated to the satisfactions of successors. Additionally, the moderating variable has not the relationship to the dependent variable as a moderating variable, but the result showed a strong relationship between the level of communication and the satisfaction of successors.

키워드

DOTSBL_2018_v25n3_1_f0001.png 이미지

Research Model of the Level of Preparation of the Successor and the Satisfaction of the Successor

Measurement Method of Used Variables

DOTSBL_2018_v25n3_1_t0001.png 이미지

The Characteristic of Samples

DOTSBL_2018_v25n3_1_t0002.png 이미지

Means, Standard deviation and Coefficient of correlations for the variables in the Model

DOTSBL_2018_v25n3_1_t0003.png 이미지

Analysis of Validity and Reliability of Independent and Moderating Variables

DOTSBL_2018_v25n3_1_t0004.png 이미지

Analysis of Validity and Reliability of the Dependent Variable

DOTSBL_2018_v25n3_1_t0005.png 이미지

The Relationship of the Level of Preparation of the Successor to the Satisfaction

DOTSBL_2018_v25n3_1_t0006.png 이미지

The Relationship of the Three Sub-Preparations of the Successor to the Satisfaction

DOTSBL_2018_v25n3_1_t0007.png 이미지

The Results of Hypothesis Verification

DOTSBL_2018_v25n3_1_t0008.png 이미지

참고문헌

  1. Ahn, J.-H. and Moon, H.-C., "A study of the succession of status of small business and the measure of survival (in Korean)", Journal of Information and Operations Management, Vol. 18, No. 1, 2008, pp. 117-135.
  2. Astrachan, J. H., "Family Business' Contribution to the U.S. Economy: A Closer Look", Family Business Review, Vol. 16, No. 3, 2003, pp. 211-219. https://doi.org/10.1177/08944865030160030601
  3. Back, Y. J. and Hong, J. H., "The Study on the Effects of Predecessor-Successor Relationship on Effective Succession: Focusing on Mediating Effect of Succession Preparedness", Asia Pacific Journal of Small Business, Vol. 39, No. 3, 2017, pp. 31-56.
  4. Cho, B. S. and Cho, B. H., Status of Support Policy for Family Business Succession and its Development Method, Vol. 33, No. 3, 2011, pp. 49-71.
  5. Cho, C.-B., The Design and Usefulness of Models for Family Business Consulting, The Graduate School of Konkuk University, 2007.
  6. Chrisman, J. J., Chua, J. H., and Sharman, P., "Trends and directions in the development of a strategic management theory of the family firm", Enterpreneurship theory and practice, Vole. 29, No. 5, 2005, pp. 555-576.
  7. Chrisman, J. J., Chua, J. H., and Sharman, P., "Important attributes of successors in family business: An exploratory study", Family Business Review, Vol. 11, No. 1, 1998, pp. 19-34. https://doi.org/10.1111/j.1741-6248.1998.00019.x
  8. Dyer, W. G. Jr., Cultural Changes in Family Firms: Anticipating and Management Business and Family Transitions, San Francisco: Joessey-Bass, 1986, pp. 18-24.
  9. Ernesto J. Poza, Family Business, South-Wetern, 2010.
  10. Gersick, K. E., Davis, J. A., Hampton, M., and Lansberg, I., Generation to Generation: A Life Cycle of the Family Business, Boston, MA, Harvard Business School Press, 1997.
  11. Hwang, W.-Y., An Empirical Study of Family Business Succession Factors and Their Effects on Corporate Performance, The Graduate School of Konkuk University, 2008.
  12. Kim, S.-H. and Nam, Y.-H., "An Exploratory Study on Social Capital and Succession Process of Family firms (in Korean)", Korean Journal of Business Administration, Vol. 24, No. 2, 2011, pp. 743-767.
  13. Kim, S.-H. and Nam, Y.-H., "Incumbent and Successor-related Factors that Influence the Effective Succession Process in Family Business", Journal of Industrial Economics and Business, Vol. 26, No. 3, 2013, pp. 1337-1359.
  14. Lim, J.-H. and Lee, J.-H., "The Moderating Effect of Self-Efficacy of Successor between Social and Human Capital in Family Business and Succession Attitude of Successor", Journal of Industrial Economics and Business, Vol. 29, No. 6, 2016, pp. 2581-2606.
  15. Ministry of SMEs and Startups, http://www.smba.go.kr/site/smba/11/11101010000002018101111.jsp, 2015.
  16. Morris, M. H., Williams, R. W., Allen, J. A., and Avila, R. A., "Correlates of success in family business transitions", Journal of Business Venturing, Vol. 12, 1997, pp. 385-401. https://doi.org/10.1016/S0883-9026(97)00010-4
  17. Nam, S. S., A Study of Factors Affecting the Decision-making in Family Business Succession, Department of Accounting and Taxation Graduate School of Gachon University, 2016.
  18. Nam, Y.-H. and Moon, S.-J., "Performance of Family-Owned Business Versus NonFamily-Owned Business: Focused on Listing Companies", The Korean Academic Association of Business Administration, Vol. 20, No. 1, 2007, pp. 237-264.
  19. Nunnally, Psychometric Theory, Second Edition, New York, McGraw-Hill, 1978.
  20. Santiago, A. L., "Succession Experiences in Philippine Family Businesses", Family Business Review, Vol. 13, No. 1, 2000, pp. 15-35. https://doi.org/10.1111/j.1741-6248.2000.00015.x
  21. Shanker, M. C. and Astrachan, J. H., "Myths and Realities: Family Businesses' Contribution to the US Economy-A Framework for Assessing Family Business Statistics", Family Business Review, Vol. 9, No. 2, 1996, pp. 107-123. https://doi.org/10.1111/j.1741-6248.1996.00107.x
  22. Sharma, P., "An overview of the field of family business studies: Current stateus and directions for the future", Family Business Review, Vol. 17, No. 1, 2004, pp. 1-36. https://doi.org/10.1111/j.1741-6248.2004.00001.x
  23. Song, D. G. and Nam, Y. H., "Management Performances of Family Business: An Open Dialogue, Ethical Norm, and Family Capital", Global Business Administration Review, Vol. 14, No. 2, 2017, pp. 283-309.
  24. Venter, E., Boshoff, C., and Maas, G., "The Influence of Successor-Related Factors on the Succession Process in Small and Medium-Sized Family Businesses", Family Business Review, Vol. 18, No. 4, 2005, pp. 283-303. https://doi.org/10.1111/j.1741-6248.2005.00049.x
  25. Ward, J. L., Keeping the family business healthy: How to plan for continuing growth, profitability and family leadership, San Francisco, CA: Jossey-Bass, 1987.
  26. Westhead, P., "Company performance and objective reported by first and multi-generation family companies: a research note", Journal of Small Business and Enterprise Development, Vol. 10, No. 1, 2003, pp. 93-105. https://doi.org/10.1108/14626000310461231