Family Business Intergenerational Succession and Market Sustainable Competitive Advantage – Based on the Mediating Effect of Intellectual Capital

IF 2 4区 管理学 Q3 BUSINESS
Xiangqian Yu, Xiang Ao, Yongxiang Wang
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引用次数: 0

Abstract

ABSTRACTChina’s family enterprises have entered the peak of intergenerational succession, and the succession of the second generation is bound to have a great impact on the development of these enterprises. From the perspective of the resource-based view, this paper constructs a relationship model among intergenerational succession, enterprise intellectual capital and market sustainable competitive advantage. Based on the data of a sample of 189 entrepreneurs from family firms in Zhejiang Province, we use multiple regression and structural equation modeling to explore the impact of intergenerational succession on the market sustainable competitive advantage of family firms and the mediating role of the three dimensions of the firm’s intellectual capital, namely, structural capital, relational capital and human capital. The empirical results show that (1) successful succession of a family business significantly promotes the market sustainable competitive advantage of the enterprise; (2) successful succession has a significant promotion effect on the three dimensions of enterprise intellectual capital, and the three dimensions of enterprise intellectual capital play a partial mediating role between intergenerational succession and the market sustainable competitive advantage of the enterprises. This conclusion expands the research on the consequences of intergenerational succession and has important practical significance for the healthy development of family enterprises in China.KEYWORDS: Family businessintergenerational successionintellectual capitalsustainable competitive advantage Disclosure statementNo potential conflict of interest was reported by the author(s).Additional informationFundingThe work was supported by the Wenzhou Municipal Science and Technology Bureau [23WSKZD03-02].
家族企业代际传承与市场可持续竞争优势——基于智力资本的中介效应
摘要中国家族企业已进入代际传承的高峰期,第二代的传承必然会对家族企业的发展产生重大影响。本文从资源基础观点出发,构建了代际传承、企业智力资本与市场可持续竞争优势之间的关系模型。本文以浙江省189名家族企业企业家为样本,运用多元回归和结构方程模型,探讨了代际传承对家族企业市场可持续竞争优势的影响,以及企业智力资本三个维度(结构资本、关系资本和人力资本)的中介作用。实证结果表明:(1)家族企业成功传承显著提升了企业的市场可持续竞争优势;(2)成功传承对企业智力资本三个维度都有显著的促进作用,企业智力资本三个维度在代际传承与企业市场可持续竞争优势之间起部分中介作用。这一结论拓展了对代际传承后果的研究,对中国家族企业的健康发展具有重要的现实意义。关键词:家族企业代际传承智力资本可持续竞争优势披露声明作者未报告潜在利益冲突。本研究由温州市科技局资助[23WSKZD03-02]。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
2.20
自引率
35.70%
发文量
22
期刊介绍: The Journal of Business-to-Business Marketing® encourages diversity in approaches to business marketing theory development, research methods, and managerial problem solving. An editorial board comprised of outstanding, internationally recognized scholars and practitioners ensures that the journal maintains impeccable standards of relevance and rigorous scholarship. The Journal of Business-to-Business Marketing features: •basic and applied research that reflects current business marketing theory, methodology, and practice •articles from leading researchers covering topics of mutual interest for the business and academic communities
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