Likelihood of heirs apparent to join the family business: A study on the factors leading to a successful intergenerational transfer
Date of Publication
2011
Document Type
Bachelor's Thesis
Degree Name
Bachelor of Science in Business Management
College
Ramon V. Del Rosario College of Business
Department/Unit
Business Management
Abstract/Summary
Successful transfer of ownership from one generation to the next has always been a crucial process in every family business. This issue has been the basis of most researchers to explore on the factors that may affect the decision of heirs apparent to enter the family-owned business (FOB). Unfortunately, only a few studies have been made regarding succession in FOBs in the Philippine setting.
This study utilized the framework of the Successor Retention Process Model. Moreover, the study provided three statistical procedures in order to achieve the objectives of this research. First, the Pearson‘s Correlation test was conducted to analyze if the selected factors such as childhood experience, parents‘ attitude, sibling rivalry, vision, esteem, education, leadership development, gender, interest and financial soundness have significant relationships with the dependent variable. Second, an Ordinary Least Squares (OLS) regression method was conducted to know the causality and the impact between these factors with the likelihood of joining the FOB. Third, an Analysis of Variance (ANOVA) was conducted to analyze if the difference between the selected categories are significant in terms of likelihood in joining the FOB. These categories are company size, gender, birth rank and requirement in joining.
It appears through evidence that the company profile does not influence the likelihood of an heir apparent in joining the business. Moreover, requiring Likelihood of Heirs Apparent to Join the Family Business the successor to enter the business also increases their likelihood of joining the business. Among all the factors, gender has the greatest impact on the likelihood of heirs apparent to join the FOB. Moreover, self-esteem, having interest in the business and the financial soundness of the business also resulted in having a significant relationship with the dependent variable.
Abstract Format
html
Language
English
Format
Accession Number
TU16713
Shelf Location
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
Physical Description
leaves ; 28 cm. + 1 computer optical disc
Recommended Citation
Lai, S. R., Mancilla, C. G., Tang, K. T., & Valdez, M. R. (2011). Likelihood of heirs apparent to join the family business: A study on the factors leading to a successful intergenerational transfer. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/14758