Parental behaviors and next-generation engagement in family firms: a social cognitive perspective

Next-generation engagement is a key contributor to the success and continuity of family businesses. It has been recognized that family relationships are an important factor in shaping such engagement. However, we know little as to how this process unfolds especially during the formative years of next-generation members. Using the principles of social cognitive theory and drawing from the literatures of career development, organizational behavior and family business, we propose a conceptual model that examines the psychological mechanisms linking parental behavior and next-generation engagement. We argue that parental behaviors influence next-generation engagement through its effects on next-generation members’ self-efficacy and commitment. We elaborate on this model by presenting contingency factors that moderate the proposed relationships. Lastly, we offer theoretical implications that can open new avenues for future research

Perceived Parental Behaviors and Next-Generation Engagement in Family Firms:A Social Cognitive Perspective

Next-generation engagement is a key contributor to the success and continuity of family firms. Family relationships are an important factor in shaping such engagement. However, we know little as to how this engagement process unfolds, especially during the formative years of next generation members. Using the principles of social cognitive theory and drawing on the career development, organizational behavior, and family business literature, we theorize the indirect influence of perceived parental support and psychological control on next-generation engagement in family firms through the mediating variables of self-efficacy and commitment to the family business. We discuss several possible avenues to test and extend this model in future research

Determinants of the satisfaction of the primary stakeholders with the succession process in family firms

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Patient capital: the role of family firms in sustainable business

Exploration of environmental sustainability using the family business lens for fresh insights on balancing short-term financial performance with long-term corporate sustainability strategies