Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

The Impact of Intergenerational Succession Intention on Family Firm’s Innovation Strategy: Evidence from China

Version 1 : Received: 22 April 2022 / Approved: 26 April 2022 / Online: 26 April 2022 (10:39:47 CEST)

How to cite: Song, S.; Zhou, L.; Sindakis, S.; Aggarwal, S.; Chen, C. The Impact of Intergenerational Succession Intention on Family Firm’s Innovation Strategy: Evidence from China. Preprints 2022, 2022040237 (doi: 10.20944/preprints202204.0237.v1). Song, S.; Zhou, L.; Sindakis, S.; Aggarwal, S.; Chen, C. The Impact of Intergenerational Succession Intention on Family Firm’s Innovation Strategy: Evidence from China. Preprints 2022, 2022040237 (doi: 10.20944/preprints202204.0237.v1).

Abstract

In the development and growth of family businesses, succession is an unsolvable problem, which is also a popular focus of academic research. For a family firm, succession may be a strategic decision but also a long-term and intricate "footrace." It will have a significant impact on the long-term viability of a family firm if it is not handled appropriately. This study mainly explores the influences of family business owners' intergenerational succession intention on their family firms’ innovation strategy in China. In addition, this study further examines the moderating role of the institutional environment in the above relationship. Therefore, the data in this article comes from a survey of 271 family businesses in eight different regions of China. Also, this paper can aid the smooth transition of intergenerational transmission of small and medium-sized family businesses in addition to the untroubled development of technological innovation activities. Specifically, the institutional environment plays a negative moderating role in the relationship between family succession, radical succession, technological innovation, and a positive regulating role in the relationship between single equity succession and technological innovation.

Keywords

Chinese family business; intergenerational succession intention; institutional environment; innovation investment; innovation output

Subject

SOCIAL SCIENCES, Business and Administrative Sciences

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