Browse > Article
http://dx.doi.org/10.5392/JKCA.2018.18.09.375

The Influence of Family Firms Succession Factors on Entrepreneurship and Business Performance  

Kim, Young-Su (숭실대학교 벤쳐중소기업학과)
Kim, Hyun-Ku (숭실대학교 벤쳐중소기업학과)
Publication Information
The Journal of the Korea Contents Association / v.18, no.9, 2018 , pp. 375-389 More about this Journal
Abstract
A successful succession of family businesses is a very important issue that greatly affects the sustainability of the business. Among the factors affecting successful succession, the successors of the family business were identified on the entrepreneurship held by small business owners and on the management performance of the business. This study was analyzed empirically by the managers who currently run the actual business through completion of or process of succession. Successive factors were established as a place for education and succession of heirs, and entrepreneurship was divided into innovativeness, risk-taking and pro-activeness, and management performance was divided into financial and non-financial achievements. The analysis shows that the education and training of successors among succession factors have significant implications for both managerial performance and entrepreneurship, and that the success of successors has no significant impact on non-financial performance, innovativeness and pro-activeness. In addition, while the risk-taking nature of entrepreneurship was concerned with the performance of management, innovativeness and pro-activeness were not all significant. According to this study, the education and training of successors and the determination of successors in succession family businesses have a significant impact on management performance and entrepreneurship.
Keywords
Family Business; Family Succession; Succession Factors; Eentrepreneurship; Management Performance;
Citations & Related Records
연도 인용수 순위
  • Reference
1 T. G. Habbershon, M. Nordqvist, and T. M. Zellweger, Transgenerational entrepreneurship: Exploring growth and performance of family firms across generations, Cheltenham, England: Edward Elga, 2010.
2 M. A. Martinez, T. Yang, and H. E. Aldrich, "Entrepreneurship as an evolutionary process: Researchprogress and challenges," Entrepreneurship Research Journal, Vol.1, pp.1-26, 2011.
3 N. M. Tsabari, R. Labaki, and R. K. Zachary, "Toward the cluster model: The family firm's entrepreneurial behavior over generations," Family Business Review, Vol.27, pp.161-185, 2014.   DOI
4 H. E. Aldrich and J. E. Cliff, "The pervasive effects of family on entrepreneurship: Toward a family embeddedness perspective," Journal of Business Venturing, Vol.18, pp.573-596, 2003.   DOI
5 H. Landstrom, Pioneers in entrepreneurship and small business research, New York: Springer, 2005.
6 S. Venkataraman, The Distinctive Domain of Entrepreneurship Research :An Editor's Perspective, In Advances in Entrepreneurship, Firm Emergence and Growth, J. Katz and R. Brockhaus(eds.), Vol.3, JAI, Greenwich, CT. Fourth edition, Mc-Graw-Hill, Boston, 1997.
7 배종태, 차민석, "기업가정신의 확장과 활성화," 중소기업연구, 제31권, 제1호, pp.109-128, 2009.
8 R. A. Baron and S. Shane, Entrepreneurship: A process perspective, Cincinnati, O. H.: Southwestern Thomson, 2005.
9 D. Miller, "The correlates of entrepreneurship in three type of firms," Management Science, Vol.29, No.7, pp.770-791, 1983.   DOI
10 J. G. Covin and D. P. Slevin, "A Conceptual Model of Entrepreneurship as Firm Behavior," Entrepreneurship Theory and Practice, Vol.16, No.1, pp.7-25, 1991.   DOI
11 S, A. Zahra and J. G. Covin, "Contextual Influence on the corporate Entrepreneurship :A Longitudinal Analysis," Journal of Business Venturing, Vol.10, pp.43-58, 1995.   DOI
12 A. B. Ibrahim and W. H. Ellis, Family Business Management: Concept and Practice, Dubuque, IO: Kendal/Hunt Publishing, 1994.
13 C. E. Aronoff and J. L. Ward, Family meetings: How to build a stronger family and a stronger business, Marietta, GA: Business Owner Resources, 1992.
14 K. C. Seymour, "International Relationships in the Family Firm: The Effect on Leadership Succession," Family Business Review, Vol.6, No.3, pp.263-281, 1993.   DOI
15 S. D. Goldberg and B. Wooldridge, "Self-confidence and managerial autonomy: Successor characteristics critical to succession in family firms," Family Business Review, Vol.6, No.1, pp.55-73, 1993.   DOI
16 김선화, 남영호, "가족기업의 사회적 자본과 승계프로세스에 관한 탐색적 연구," 대한경영학회지, 제24권, 제2호, pp.743-767, 2011.
17 M. K. Fiegener, B. M. Brown, R. A. Prince, and K. M. File, "A Comparison of Successor Development in family and Nonfamily Businesses," Family Business Review, Vol.7, No.4, pp.313-329, 1994.   DOI
18 황조익, 중소규모 가족기업의 승계효율성 제고를 위한 후계자 교육훈련과 역량개발에 관한 연구, 건국대학교, 박사학위논문, 2013.
19 W. C. Handler, "Succession in Family Business:A Review of the Research," Family Business Review, Vol.7, No.2, pp.133-157, 1994.   DOI
20 J. A. Barach and J. B. Ganitsky, "Successful succession in family business," Family Business Review, Vol.8, No.2, pp.131-155, 1995.   DOI
21 P. Sharma and S. A. Rao, "Successor Attributes in Indian and Canadian Family Firm," Family Business Review, Vol.13, No.4, pp.313-330, 2000.   DOI
22 P. Sharma, J. J. Chrisman, and J. H. Chu, "Succession Planning as Planned Behavior: Some Empirical Results," Family Business Review, Vol.16, No.1, pp.1-14, 2003.   DOI
23 J. L. Ward, Keeping the family business healthy: How to plan for continuing growth, profitability, and family leadership, SanFrancisco, Jossey Bass, 1987.
24 R. H. Brockhaus, "Family Business Succession: Suggestions for Future Research," Family Business Review, Vol.17, No.2, pp.165-177, 2004.   DOI
25 K. Cabrera-Suarez, P. D. Saa-Perez, and D. Garcia-Almeida, "The Succession Process from a Resource and Knowledge-Based View of the Family Firm," Family Business Review, Vol.14, No.1, pp.37-46, 2001.   DOI
26 E. Venter, C. Boshoff, and G. Maas, "The Influence of successor related factors on the succession process in small and medium-sized family businesses," Family Business Review, Vol.18, No.4, pp.283-303, 2005.   DOI
27 김선화, 남영호, "가족기업의 승계프로세스 관련 이해관계자별 영향요인에 관한 문헌검토," 중소기업연구, 제33권, 제3호, pp.23-48, 2011.
28 W. C. Handler, Managing the family firm succession process: The next generation family member's experience, Unpublished doctoral dissertation, School of Management, Boston University, 1989.
29 M. H. Morris, R. O. Williams, J. A. Allen, and R. A. Avila, "Correlates of success in family businesstransition," Journal of Business Venturing, Vol.12, No.5, pp.385-401, 1997.   DOI
30 J. J. Chrisman, J. H. Chua, and P. Sharma, "Important Attributes of Successors in Family Business: An Exploratory Study," Family Business Review, Vol.11, No.1, pp.19-34, 1998.   DOI
31 I. Lansberg and J. H. Astrachan, "Influence of Family Relationships on Succession Planning and Training: The Importance of Mediating Factors," Family Business Review, Vol.7, No.1, pp.39-59, 1994.   DOI
32 J. H. Chua, J. J. Chrisman, and P. Sharma, "Defining the family business by behavior," Entrepreneurship: Theory and Practice, Vol.23, No.4, p.19, 1999.   DOI
33 Robinson and Stubberud, "Teaching creativity, team work and other soft skills for entrepreneurship," Journal of Entrepreneurship Education, Vol.17, No.2, pp.186-199, 2014.
34 윤명출, 박경환, "중소기업 CEO의 기업가지향성과 산업특성이 경영성과에 미치는영향에 관한 연구," 창조와 혁신, 제8권, 제1호, pp.179-218, 2015.
35 W. C. Handler, "Succession in family firms: a mutual role adjustment between entrepreneur and next generational family members," Entrepreneurship Theory and Practice, Vol.15, pp.37-51, 1990.
36 남영호, 문성주, "가족기업과 비가족기업의 성과 비교: 거래소 상장기업을 중심으로," 대한경영학회, 제20권, 제1호, pp.37-264, 2007.
37 J. G. Covin and D. P. Slevin, "The influence of organization structure on the utility of an entrepreneurial top management style," Journal of Management Studies, Vol.25, No.3, pp.217-234, 1988.   DOI
38 N. Podrug, I. Raguz, and M. Dedic, "Comparative analysis of entrepreneurial orientation of Croatian and Sweden students," International Journal of Business & Economic Sciences Applied Research, Vol.8, No.3, pp.33-46, 2015
39 S. A Zahra, "Predictors and Financial Outcomes of Corporate Entrepreneurship: An Explanatory Study," Journal of Business Venturing, Vol.6, No.4, pp.259-285, 1991.   DOI
40 정대용, 유봉호, "기업가 지향성과 시장지향성이 조직유효성과 사업성과에 미치는 영향," 벤처경영연구, 제10권, 제2호, pp.69-93, 2007.
41 김계정, 이진규, "조직규모별 경영승계와 조직성과간의 관계," 인사관리연구, 제27권, 제3호, pp.135-161, 2003.
42 김선화, 남영호, "가족기업의 승계유효성에 영향을 미치는 요인-현경영자와 후계자를 중심으로," 산업경제연구, 제26권, 제3호, pp.1337-1359, 2013.
43 고봉상, 용세중, 이상천, "벤처기업의 성과 결정요인에 관한 실증연구," 기업가정신과 벤처연구, 제6권, 제2호, pp.3-33, 2003.
44 김봉순, 한문성, 장용운, 가업승계시 후계자의 자기효능감이 경영성과와 지속가능성에 미치는 영향에 관한 연구, 글로벌경영학회 학술대회, pp.179-232, 2016.
45 곽기영, 글로벌 기업가정신과 공급사슬 내 사회적 자본이 중소기업의 수출 성과에 미치는 영향, 숭실대학교, 박사학위논문, 2013.
46 J. A. Schumpeter, The Theory of Economic Development, Harvard University Press, Cambridge, MA, 1934.
47 G. T. Lumpkin and G. G. Dess, "Clarifying the Entrepreneurial Orientation Construct and Linking it to Performance," Academy of Management Review, Vol.21, No.1, pp.135-72, 1996.   DOI
48 P. F. Drucker, Innovation and Entrepreneurship, Harper and Row, New York, 1985.
49 이춘우, 조직앙트나프러뉴십의 역할과 조직성과에 관한 연구, 서울대학교, 박사학위논문, 1999.
50 박상용, 벤처기업 CEO의 기업가 정신-구성원의 임파워먼트, 조직유효성의 관계에 대한 구성적 모형, 호서대학교, 박사학위논문, 2003.
51 G. T. Lumpkin and G. G. Dess, "Linking two dimensions of entrepreneurial orientation to firm performance: The moderating role of environment and industry life cycle," Journal of Business Venturing, Vol.16, No.5, pp.429-451, 2001.   DOI
52 W. H. Stewart and P. L. Roth, "A metaanalysis of achievement motivation differences between entrepreneurs and managers," Journal of Small Business Management, Vol.45, No.4, pp.401-421, 2007.   DOI
53 D. W. Lyon, G. T. Lumpkin, and G. G. Dess, "Enhancing Entrepreneurial Orientation Research: Operationalizing and Measuring a Key Strategic Decision Making Process," Journal of Management, Vol.26, No.5, pp.1055-1085, 2001.   DOI
54 J. March, "Exploration and exploitation in organization learning," Organization Science, Vol.2, pp.71-87, 1991.   DOI
55 Z. W. Todorovic, "Corporate entrepreneurship and Entrepreneurial Orientation in Corporate Environment: A Discussion," Academy of Entrepreneurship Journal, Vol.21, No.1, pp.82-93, 2015.
56 정대용, 양준환, "중소기업의 핵심역량 및 네트워킹 활동이 기업성과에 미치는 영향-한국기업가와 중국기업가의 네트워킹 특성을 중심으로 한비교연구," 한국창업학회지, 제3권, 제2호, pp.43-69, 2008.