The Pattern Analysis of Family Business Succession: A Study on Medium Scale Family Business in Indonesia

Christina Whidya Utami, Denny Bernardus, Gek Sintha
European Research Studies Journal, Volume XX, Issue 2A, 461-474, 2017
EOI: 10.11214/thalassinos.20.02.028

Abstract:

The family business is a business family members have developed, whose ownership and policy-making are dominated by members of a group with emotional kinship.The purpose of this study is to analyze whether the management succession patterns including a personality system, a family system, a ownership right system and a management system become the primary factors determining the success of the family businessThe results of the study, using Partial Least Square showed Family System variable, had significant influence on Sustainability Family Business Meanwhile, Personality System, Ownership System and Personality system variables had no significant effects on Sustainability of the family business.


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