Relationship between family succession and firm innovation: A configuration study based on the fuzzy set qualitative comparative analysis (fsQCA)

doi:10.19571/j.cnki.1000-2995.2024.10.009

Abstract

Abstract: With family businesses entering the peak period of intergenerational succession, how to achieve simultaneous advancement of family succession and innovation becomes a key issue. Considering that firm innovation decisions are complex processes driven by multiple factors, and based on the family-driven innovation framework encompassing three dimensions of family ability as discretion, resources and willingness, we explored the influence mechanism of successor characteristics and their succession context (founder traits and firm background) on firm innovation in the context of intergenerational inheritance with the fuzzy set qualitative comparative analysis (fsQCA) method. Analyzing 131 samples of family businesses that have undergone second-generation succession, the findings of this paper unveiled six configurations characterized by high innovation input. These configurations can be categorized into four pathways: the first entails professional support, wherein professional managers assist the successors implement firm innovation; the second embodies nurturing and assisting, involving founders devising long-term plans to propel innovation; the third encompasses cooperative game-breaking, with founders and successors collaboratively overcoming performance dilemmas; and the fourth encompasses second-generation-lead succession, with the successors′ extensive experience driving innovation. Among them, the “preparing for the future” type of nurturing and assisting succession is conducive to innovation output, while the second-generation-lead succession is conducive to innovation output and efficiency simultaneously. The research has contributed greatly to the application context of family-driven innovation framework and enriched the methodological basis of family business innovation research. The research will provide insights for successful intergenerational succession and sustainable development of family businesses.

Key words: family firm, innovation, succession, family-driven innovation, fuzzy set qualitative comparative analysis (fsQCA)

Song Lihong, He Wanshi, Liang Qiang. Relationship between family succession and firm innovation: A configuration study based on the fuzzy set qualitative comparative analysis (fsQCA)[J]. Science Research Management, 2024, 45(10): 92-101.

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Relationship between family succession and firm innovation: A configuration study based on the fuzzy set qualitative comparative analysis (fsQCA)

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