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Contributions to Succession in a Family Business from the Perspective of Global University Entrepreneurial Spirit Students’ Survey (GUESSS)

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Listed:
  • Fabiana Pinto de Almeida Bizarria
  • Flavia Lorenne Sampaio Barbosa
  • Fagner Martins Santana
  • Rogeane Morais Ribeiro
  • Maria do Socorro Silva Mesquita

Abstract

Relationship between family support and organizational commitment is investigated, in the attitude of succession in a family business, and, this one, in the succession intention. Therefore, the research operationalizes constructs studied by the Global University Entrepreneurial Spirit Students’ Survey, in a survey with 289 university students from the Federal University in Brazil. Structural modeling showed satisfactory adjustment indices to support the seven hypotheses of the study- family support assumes an important explanatory capacity for the variation of affective commitment (R2=38%), as well as of normative commitment (R2=41%); commitment (affective and normative) assumes an important explanatory capacity for the variation in the succession attitude (R2=49%); and, the suggested relationship between the succession attitude and the succession intention (β=0.775; t=22.772, p=0.000), in addition to being supported, demonstrates the greater explanatory capacity of the predictor construct variation (R2=60%). It was concluded, therefore, that prior planning, with actions that mobilize future family members (successors) can result in the achievement of the longevity of these companies.

Suggested Citation

  • Fabiana Pinto de Almeida Bizarria & Flavia Lorenne Sampaio Barbosa & Fagner Martins Santana & Rogeane Morais Ribeiro & Maria do Socorro Silva Mesquita, 2022. "Contributions to Succession in a Family Business from the Perspective of Global University Entrepreneurial Spirit Students’ Survey (GUESSS)," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 14(12), pages 1-12, December.
    • Handle: RePEc:ibn:ijefaa:v:14:y:2022:i:12:p:12
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    References listed on IDEAS

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    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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