Proceedings of the SSEME workshop on Economics and Management (SSEME-EM 2024)

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The Impact of Personal Characteristics of Successors in Chinese Family Firms on Succession Based on Thematic Content Analysis

Authors
Zhuoneng Zou1, *, Jenny O. L. Phillips1
1University of Saint Joseph, Macau, China
*Corresponding author. Email: zou.zhuoneng@usj.edu.mo
Corresponding Author
Zhuoneng Zou
Available Online 28 September 2024.
DOI
10.2991/978-94-6463-527-0_8How to use a DOI?
Keywords
Family Business; Thematic Content Analysis; Succession
Abstract

Family businesses are an ancient form of business organization. As a unique organizational form in which the dual systems of family and business coexist, family businesses exist worldwide and occupy a pivotal market position in creating employment opportunities and promoting economic growth. Family business succession has been paid attention to by academic circles since the 1950s and has become one of the most persistent focuses of Western family business research. Succession is a significant turning point for the family business. Whether the succession is successful or not will affect the operation of an enterprise. This paper explores which characteristics of successors affect the succession of family businesses. Through thematic content analysis of in-depth interviews with family business owners, this paper concludes that inclusiveness, sociability with good communication skills, and a sense of family mission will impact succession. Based on this, we can enable family businesses that are in the process of succession or are about to do so to focus on and develop the above personal attributes in their successors.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the SSEME workshop on Economics and Management (SSEME-EM 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
28 September 2024
ISBN
978-94-6463-527-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-527-0_8How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zhuoneng Zou
AU  - Jenny O. L. Phillips
PY  - 2024
DA  - 2024/09/28
TI  - The Impact of Personal Characteristics of Successors in Chinese Family Firms on Succession Based on Thematic Content Analysis
BT  - Proceedings of the SSEME workshop on Economics and Management (SSEME-EM 2024)
PB  - Atlantis Press
SP  - 72
EP  - 80
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-527-0_8
DO  - 10.2991/978-94-6463-527-0_8
ID  - Zou2024
ER  -