Does female descendent entrepreneur's self-compassion and financial literacy matter for succession success?

IF 3.6 Q2 MANAGEMENT Journal of Family Business Management Pub Date : 2023-09-11 DOI:10.1108/jfbm-07-2023-0102
Zeshan Ahmad, Shahbaz Sharif, Iftikhar Ahmad, Syed Muhammad Waseem Abbas, Mussrat Shaheen
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引用次数: 1

Abstract

PurposePresent study investigated the influence of female descendent entrepreneur's self-compassion on the perceived succession success of small-family businesses (S-FB) with the mediating mechanism of financial literacy.Design/methodology/approachThe primary data was collected from 319 female descendent entrepreneurs who were designated as chairwomen, and managing director positions in their retails sector S-FBs. The purposive sampling technique was used to collect the data. The provided hypotheses are tested using the partial least square structural equation modeling (PLS-SEM) technique. This study followed multiple regression analyses to see the influence of self-compassion (mindfulness, self-isolation, self-judgment and over-identification) on financial literacy and perceived succession success.FindingsThe results reveal that female descendent entrepreneurs mindfulness and over-identification significantly increase but self-isolation decreases the likelihood of successful succession transition. Moreover, female descendent entrepreneur's financial literacy increases mindfulness and overidentification while it decreases self-isolation and improves the likelihood of succession success. However, financial literacy does not influence self-judgmental traits and perceived succession success.Practical implicationsThis study highlights a vital issue, how the financial literacy of female descendent entrepreneurs manages their self-compassion and increases the likelihood of succession success. In addition, it covers a research gap and helps the S-FBs to improve their survival rate by focusing on the descendent entrepreneur's self-compassion and financial literacy.Originality/valueThis study contributes to the body of knowledge by emphasizing predictors that influence the successful succession transition to subsequent generations. This study determines the influence of self-compassion of female descendent entrepreneurs on perceived succession success and financial literacy as a mediator by using the self-control theory. The study can be useful to family business consultants, policymakers and family businesses.
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女性企业家的自我同情和金融知识对继任成功有影响吗?
目的本研究以金融素养为中介机制,探讨女企业家的自我同情对小家族企业(s-FB)继任成功的影响。设计/方法/方法主要数据来自319名女性后裔企业家,她们被指定为零售业S-FB的董事长和董事总经理。采用有目的的抽样技术来收集数据。使用偏最小二乘结构方程建模(PLS-SEM)技术对所提供的假设进行了检验。本研究采用多元回归分析来观察自我同情(正念、自我隔离、自我判断和过度认同)对财务素养和继任成功的影响。研究结果表明,女性后代企业家的正念和过度认同显著增加,但自我隔离降低了成功继任的可能性。此外,女性后裔企业家的金融素养增加了正念和过度认同,同时减少了自我孤立,提高了继任成功的可能性。然而,金融知识不会影响自我判断特征和继任成功感。实际含义这项研究强调了一个重要问题,即女性后代企业家的金融素养如何管理她们的自我同情,并增加继任成功的可能性。此外,它还填补了研究空白,并通过关注后代企业家的自我同情和金融素养,帮助S-FB提高生存率。原创性/价值这项研究通过强调影响后代成功继承过渡的预测因素,为知识体系做出了贡献。本研究以自我控制理论为中介,确定女性后代企业家的自我同情对继任成功感和财务素养的影响。这项研究对家族企业顾问、决策者和家族企业都很有用。
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
5.50
自引率
33.30%
发文量
51
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