The Influence of Succession Ability Cultivation, Family Governance Structure and Enterprise Succession Success through Innovation Ability in Family Enterprises
Family business succession represents a critical challenge threatening enterprise continuity and economic stability, with particular complexi-ty in innovation-intensive environments. This study examines how succession ability cultivation and family governance structure influence enterprise succession success through innovation ability's mediating role in family enterprises in Shenzhen, China. Drawing on resource-based theory, agency theory, and stewardship theory, we develop an integrated framework proposing that succession antecedents influence outcomes both directly and indirectly through innovation capabilities. Using quantitative survey data from family business stakeholders representing diverse organizational roles, generations, and industries, we employ partial least squares structural equation modeling to test hypothesized relationships. Results demonstrate that both succession ability cultivation and family governance structure positively influence enterprise succession success, with innovation ability partially mediating these relationships, accounting for approximately half of total ef-fects. The findings reveal that successful succession in innovation-intensive contexts requires not only systematic successor preparation and effective governance mechanisms but critically depends on developing innovation capabilities that enable adaptation and renewal during leadership transitions. This study contributes to succession literature by identifying innovation as a central mediating mechanism linking traditional succession factors to outcomes, demonstrating the need for context-specific succession theories acknowledging environmental contingencies. Practical implications suggest family enterprises should adopt integrated approaches combining innovation-oriented succes-sor development, governance structures balancing stability with flexibility, and strategic prioritization of innovation capabilities. The re-search provides actionable guidance for family business owners, professional advisors, policymakers, and educators supporting sustainable generational transitions in dynamic business environments.
Authors
- Pirayut Pattanayanon (ORCID: https://orcid.org/0000-0003-3867-9330)
- Supin Chaisiripaibool (ORCID: https://orcid.org/0009-0007-5676-9301)
- Xiaoxia Chen
- Chunkui Chen
- Sid Terason
- Hongchun Zheng
- Chaithanaskorn Phawitpiriyakliti
Institutions
- Hong Kong Polytechnic University (HK)
- Kasetsart University (TH)
- Sripatum University (TH)
- Mahidol University (TH)
- Suan Sunandha Rajabhat University (TH)
Publication Details
- Journal
- International Journal of Accounting and Economics Studies
- Published
- 2025-12-31
- DOI
- https://doi.org/10.14419/d0ymx622
- Primary Topic
- Family Business Performance and Succession
- Type
- article
- Field-Weighted Citation Impact
- 0.00