Open AccessResearch on the Influencing Factors of Chinese Family Business's Succession from the Perspective of Re-Creation
Author(s) -
Qi Li,
Ratih Hurriyati,
H Disman,
Mohammad Ali
Publication year - 2021
Publication title -
international journal of business and society
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.236
H-Index - 15
ISSN - 1511-6670
DOI - 10.33736/ijbs.3167.2021
Subject(s) - successor cardinal , ecological succession , family business , business , china , perspective (graphical) , succession planning , marketing , chinese family , management , industrial organization , economics , political science , computer science , law , finance , mathematical analysis , ecology , biochemistry , chemistry , mathematics , artificial intelligence , gene , biology
Under the background of great changes in China's economic environment, a large number of small and medium-sized family businesses are in urgent need of transformation and upgrading that entering the channel of re-creation. For the family business, the successor signifies the future development direction and growth trend of the business. The inter-generational succession of the family business is a multistage evolution process influenced by many factors. In the specific succession practice of family businesses, the influence of the succession of family businesses is analyzed from the perspective of re-creation in combination with the actual situation. Based on the theory analysis on influencing factors of family business’s succession and the way of the questionnaire and factor analysis measure, the research had found and explained the major influencing factors of Chinese family business's succession, namely, relationship, successor, creator, re-creation, organization, environment. It provided a reference on the inter-generational succession of Chinese family businesses from the perspective of re-creation.