Preparing the successor through familial support and legitimacy: A multilevel framework

Saeed, Saadat; Giminez-Jiminez, Daniela; Calabrò, Andrea; Kraus, Sascha

Abstract

This study investigates the interplay among parental support, familial legitimacy, and next-generation succession intentions in family businesses in different societal context. Building on attachment theory and insights from family business literature, the study underscores the influence of family at both the parental and societal levels in creating a nurturing environment that supports succession intentions. Using multilevel analyses, we show that a secure parental base of support empowers offspring to develop self-efficacy in participating in the family business (family business self-efficacy), which plays a central role in supporting succession intentions in family businesses. This relationship is strengthened by familial legitimacy—that is, how the societal values that surround family behaviors shape the relationships among parental support, self-efficacy in the family business, and succession intentions. The study provides a nuanced explanation for the family mechanisms and societal values that drive the succession intentions for family businesses’ next generations.

Citation

Saeed, S., Giminez-Jiminez, D., Calabrò, A., & Kraus, S. (online). Preparing the successor through familial support and legitimacy: A multilevel framework. Entrepreneurship and Regional Development, https://doi.org/10.1080/08985626.2024.2380418

• Journal Article Type: Article
• Acceptance Date: Jul 9, 2024
• Online Publication Date: Jul 16, 2024
• Deposit Date: Jul 15, 2024
• Publicly Available Date: Jul 25, 2024
• Journal: Entrepreneurship and Regional Development
• Print ISSN: 0898-5626
• Electronic ISSN: 1464-5114
• Publisher: Taylor and Francis Group
• Peer Reviewed: Peer Reviewed
• DOI: https://doi.org/10.1080/08985626.2024.2380418
• Public URL: https://durham-repository.worktribe.com/output/2583367