Can the Succession Plan for Family Business Achieve Social Employment Stability? An Analysis from the Perspective of Entrepreneurs
Employment stability is crucial to social harmony and individual well-being. This study empirically analyzes whether the succession plan adopted by a family business can achieve the goal of stable employment and explores potential mechanisms at the individual level of entrepreneurs. This paper takes...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2024-12-01
|
| Series: | Economies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7099/13/1/5 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832588665492078592 |
|---|---|
| author | Hongmei Zhang Mu Xing Dong Chen |
| author_facet | Hongmei Zhang Mu Xing Dong Chen |
| author_sort | Hongmei Zhang |
| collection | DOAJ |
| description | Employment stability is crucial to social harmony and individual well-being. This study empirically analyzes whether the succession plan adopted by a family business can achieve the goal of stable employment and explores potential mechanisms at the individual level of entrepreneurs. This paper takes the data from the latest Chinese Private Enterprise Survey as the research sample and employs OLS regression to empirically analyze the impact of family business succession plans on employee employment. The study finds that the succession plan can significantly increase the employment scale of a family business. The pathway mechanism indicates that the employment promotion effect is achieved by enhancing entrepreneurial responsibility and prospect perception. Additionally, when a training method involving different positions within the company is adopted, the succession plan has a more substantial promotion effect on labor employment. Finally, this study analyzes the impacts of the succession plan from three aspects: flexible employment forms, wage income levels, and employee recruitment preferences. Previous studies have not explored whether family enterprises’ formulation of a succession plan will affect social employment. By addressing this issue, new micro-level evidence is provided for further understanding of the relationship between family enterprises and the labor market. |
| format | Article |
| id | doaj-art-f3c54984634c4c9ab974d46102582831 |
| institution | Kabale University |
| issn | 2227-7099 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Economies |
| spelling | doaj-art-f3c54984634c4c9ab974d461025828312025-01-24T13:29:58ZengMDPI AGEconomies2227-70992024-12-01131510.3390/economies13010005Can the Succession Plan for Family Business Achieve Social Employment Stability? An Analysis from the Perspective of EntrepreneursHongmei Zhang0Mu Xing1Dong Chen2School of Business, Anhui University of Technology, Ma’anshan 243032, ChinaSchool of Economics and Management, Nanjing University of Science and Technology, Nanjing 210094, ChinaSchool of Business, Anhui University of Technology, Ma’anshan 243032, ChinaEmployment stability is crucial to social harmony and individual well-being. This study empirically analyzes whether the succession plan adopted by a family business can achieve the goal of stable employment and explores potential mechanisms at the individual level of entrepreneurs. This paper takes the data from the latest Chinese Private Enterprise Survey as the research sample and employs OLS regression to empirically analyze the impact of family business succession plans on employee employment. The study finds that the succession plan can significantly increase the employment scale of a family business. The pathway mechanism indicates that the employment promotion effect is achieved by enhancing entrepreneurial responsibility and prospect perception. Additionally, when a training method involving different positions within the company is adopted, the succession plan has a more substantial promotion effect on labor employment. Finally, this study analyzes the impacts of the succession plan from three aspects: flexible employment forms, wage income levels, and employee recruitment preferences. Previous studies have not explored whether family enterprises’ formulation of a succession plan will affect social employment. By addressing this issue, new micro-level evidence is provided for further understanding of the relationship between family enterprises and the labor market.https://www.mdpi.com/2227-7099/13/1/5family businesssuccession planentrepreneurial responsibilityentrepreneurial prospect perceptionlabor employment |
| spellingShingle | Hongmei Zhang Mu Xing Dong Chen Can the Succession Plan for Family Business Achieve Social Employment Stability? An Analysis from the Perspective of Entrepreneurs Economies family business succession plan entrepreneurial responsibility entrepreneurial prospect perception labor employment |
| title | Can the Succession Plan for Family Business Achieve Social Employment Stability? An Analysis from the Perspective of Entrepreneurs |
| title_full | Can the Succession Plan for Family Business Achieve Social Employment Stability? An Analysis from the Perspective of Entrepreneurs |
| title_fullStr | Can the Succession Plan for Family Business Achieve Social Employment Stability? An Analysis from the Perspective of Entrepreneurs |
| title_full_unstemmed | Can the Succession Plan for Family Business Achieve Social Employment Stability? An Analysis from the Perspective of Entrepreneurs |
| title_short | Can the Succession Plan for Family Business Achieve Social Employment Stability? An Analysis from the Perspective of Entrepreneurs |
| title_sort | can the succession plan for family business achieve social employment stability an analysis from the perspective of entrepreneurs |
| topic | family business succession plan entrepreneurial responsibility entrepreneurial prospect perception labor employment |
| url | https://www.mdpi.com/2227-7099/13/1/5 |
| work_keys_str_mv | AT hongmeizhang canthesuccessionplanforfamilybusinessachievesocialemploymentstabilityananalysisfromtheperspectiveofentrepreneurs AT muxing canthesuccessionplanforfamilybusinessachievesocialemploymentstabilityananalysisfromtheperspectiveofentrepreneurs AT dongchen canthesuccessionplanforfamilybusinessachievesocialemploymentstabilityananalysisfromtheperspectiveofentrepreneurs |