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研究生： 洪麗玉
Ang, Joyce
論文名稱： Intention to Succeed the Family Firm: A Study on Cognitive and Affective Motivational Antecedents
Intention to Succeed the Family Firm: A Study on Cognitive and Affective Motivational Antecedents
指導教授： 鄭至甫
Jeng, Prof. Don Jyh-Fu
學位類別： 碩士
Master
系所名稱： 管理學院 - 國際經營管理研究所
Institute of International Management
論文出版年： 2014
畢業學年度： 102
語文別： 英文
論文頁數： 110
外文關鍵詞： Succession intention, Attitude toward succession, Subjective norms, Self-efficacy, Locus of control, Personality factors, Family cohesion, Risk-taking propensity, Successor’s desires
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    • Family firms are arguably one of the biggest contributors to the economy of many nations. In every list of the top performing firms each year, family firms never fail to fall out of ranks. Sustaining these firms are generations of family firm successors. But because of the private nature of family firms, little is known about their internal operations. This is the reason why pinpointing the reasons behind the success and failure of family firms remains very speculative.

    This research aimed to study family business succession using successors as the vantage point. A context based cognitive antecedents (attitude toward succession and subjective norms) from the theory of planned behavior including a separate measure for perceived control (self-efficacy and locus of control) were employed as predictor variables. These cognitive variables are tested for a statistical relationship with intention, however, working through the affective domain, successor’s desires. Furthermore, variables deemed to be influential to the process in which successors may gain more intention are extended into this research. These variables include the Big-five personality factors, family cohesion, risk-taking propensity, and several other control variables.

    Research findings showed that all cognitive antecedents except locus of control significantly influenced the successor’s desire to succeed. This desire, consequently, affected succession intention. Interestingly, the other variables claimed to have had an influence did not explain any variance neither to a successor’s desire nor to one’s intention to succeed. These findings are intriguing to real practice as it is universally understood that these factors could have contributed to intention; however, research proves otherwise. These results give light to family business studies in such a way that studies on intention cannot fully adapt arguments from entrepreneurial research. It is acknowledged that limitations may have caused varying results with previous research. Nevertheless, these findings can also help provide light on what is necessarily required to help mitigate issues related to succession.

    TABLE OF CONTENTS ABSTRACT I ACKNOWLEDGEMENTS I TABLE OF CONTENTS II LIST OF TABLES VI LIST OF FIGURES VII CHAPTER ONE INTRODUCTION 1 1.1 Research Background. 1 1.1.1 Definition and Characteristic of Family Businesses. 2 1.2 Research Motivation. 4 1.3 Research Gap and Contribution. 6 1.4 Research Objectives. 9 1.5 Research Procedure. 10 CHAPTER TWO LITERATURE REVIEW 11 2.1 Theoretical Foundation. 11 2.1.1 Theory of Planned Behavior. 12 2.1.2 Model of Goal-directed Behavior. 14 2.2 Definition of Research Variables. 16 2.2.1 Succession Intention. 16 2.2.2 Attitude toward Succession. 17 2.2.3 Subjective Norms. 17 2.2.4 Self-efficacy. 18 2.2.5 Locus of Control. 19 2.2.6 Successor’s Desires. 21 2.2.7 Personality Factors. 22 2.2.8 Family Cohesion. 24 2.2.9 Risk-taking Propensity. 25 2.3 Development of Research Hypotheses. 26 2.3.1 The Relationship between Attitude toward Succession, Subjective Norms, Self-efficacy, and Locus of Control toward Successor’s Desires to Succeed. 26 2.3.2 The Relationship between Desires and Succession Intention. 28 2.3.3 Successor’s Desires Mediate the Relationship between Attitude toward Succession, Subjective Norms, Self-efficacy, Locus of Control to Succession Intention. 29 2.3.4 Big-five Personality Factors as Moderator between Attitude toward Succession, Subjective Norms, Self-efficacy, Locus of Control, to Successor’s Desires. 30 2.3.5 Family Cohesion as a Moderator between Attitude toward Succession, Subjective Norms, Self-efficacy, Locus of Control, to Successor’s Desires. 37 2.3.6 Risk Propensity as a Moderator between Successor’s Desires and Succession Intention. 39 CHAPTER THREE RESEARCH DESIGN AND METHODOLOGY 41 3.1 Conceptual Model. 41 3.2 Sampling Plan. 42 3.3 Summary of Hypothesis. 42 3.4 Measures and Definitions of Constructs. 46 3.4.1 Construct Measurement. 47 3.5 Control Variables. 54 3.5.1 Age. 55 3.5.2 Gender. 55 3.5.3 Number of Siblings. 56 3.5.4 Educational Attainment. 56 3.5.5 Fields of Study and Scope of Family Business. 56 3.5.6 Family Firm Experience. 57 3.5.7 Firm Age and Size. 57 3.5.8 Scope of Ownership. 58 3.6 Questionnaire Design and Sampling Plan. 58 3.7 Data Analyses Procedures. 59 3.7.1 Descriptive Statistical Analysis. 59 3.7.2 Pearson Correlation Coefficient. 59 3.7.3 Confirmatory Factor Analysis. 60 3.7.4 Hierarchical Regression Analysis. 60 3.7.5 Structural Equation Model. 61 CHAPTER FOUR RESEARCH RESULTS 62 4.1 Data Collection. 62 4.2 Descriptive and Confirmatory Factor Analysis. 64 4.2.1 Descriptive Analysis. 64 4.2.2 Confirmatory Factor Analysis and Reliability Test. 66 4.3 Pearson Correlation. 69 4.4 Common Method Variance. 72 4.5 Structural Equation Model. 73 4.6 Hierarchical Regression. 75 CHAPTER FIVE CONCLUSION AND SUGGESTIONS 85 5.1 Discussion and Conclusion. 85 5.1.1 Discussion. 85 5.1.2 Theoretical Implications. 92 5.1.3 Managerial Implications. 94 5.2 Limitation and Future Directions. 95 REFERENCES 98 APPENDICES 107 Appendix 1: Questionnaire 107 LIST OF TABLES Table 1-1 Family Business Issues 6 Table 3-1 Definition of Constructs 46 Table 4-1 Characteristics of Respondents 65 Table 4-2 Mean and Variance Measures, Standardized Loadings, and Reliability Test 67 Table 4-3 CFA Model Index Fit 69 Table 4-4 Pearson Correlation Matrix 71 Table 4-5 Common Method Variances 72 Table 4.6 Structural Equation Model Results 74 Table 4-7a Hierarchical Regression Analysis Results 78 Table 4-7b Hierarchical Regression Analysis Results (continued) 79 Table 4-7c Hierarchical Regression Analysis Results (continued) 81 Table 4-7d Hierarchical Regression Analysis Results (continued) 83 Table 5-1 Summary of Research Findings 87 LIST OF FIGURES Figure 1-1. Family business universe 3 Figure 1-2. Research procedure 10 Figure 2-1. Model of goal-directed behavior 15 Figure 3-1. Conceptual model 41

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