Summary of the literature background
| Studies | Key objectives and findings |
|---|---|
| Brown (2004) | Identifies factors influencing career choices of the new generation, including the desire for success, intellectual freedom and ambition for growth. Highlights a tendency to prefer freedom over security, which explains why some may choose not to join the family business |
| Allen et al. (2004) | Emphasizes that younger generations are motivated by challenges, new opportunities and a desire to make social contributions, which can influence their decision to pursue careers outside the family business |
| Chua et al. (1999) | Describes how being raised within a family firm exposes children to the demands and rewards of entrepreneurship, with family-controlled businesses focusing on continuity across generations. These early experiences shape beliefs, attitudes, personality traits and career intentions |
| Stavrou and Swiercz (1998) | Explores factors influencing next-generation family members’ decisions to take on leadership roles within family businesses. Identified reasons for joining or declining based on family, market and personal dimensions, with family dynamics notably affecting the likelihood of succession |
| Carr and Sequeira (2007) | Examines how prior exposure to family business influences entrepreneurial intentions. Using a revised TPB and symbolic interactionist perspective, it found that early family business experiences are crucial in fostering entrepreneurial intent across generations |
| Zellweger et al. (2011) | Identifies entrepreneurial self-efficacy and independence as key factors influencing career paths, especially succession choices. It suggests that experiencing a family business environment as an entrepreneurial setting impacts career preferences in the next generation |
| Schröder and Schmitt-Rodermund (2013) | Investigates the balancing act for next-generation family members between personal career interests and family business roles. The authors find that family business adolescents are motivated by both personal ambition and family duty. They highlight the importance of parental support in the career planning of the next generation |
| Studies | Key objectives and findings |
|---|---|
| Identifies factors influencing career choices of the new generation, including the desire for success, intellectual freedom and ambition for growth. Highlights a tendency to prefer freedom over security, which explains why some may choose not to join the family business | |
| Emphasizes that younger generations are motivated by challenges, new opportunities and a desire to make social contributions, which can influence their decision to pursue careers outside the family business | |
| Describes how being raised within a family firm exposes children to the demands and rewards of entrepreneurship, with family-controlled businesses focusing on continuity across generations. These early experiences shape beliefs, attitudes, personality traits and career intentions | |
| Explores factors influencing next-generation family members’ decisions to take on leadership roles within family businesses. Identified reasons for joining or declining based on family, market and personal dimensions, with family dynamics notably affecting the likelihood of succession | |
| Examines how prior exposure to family business influences entrepreneurial intentions. Using a revised TPB and symbolic interactionist perspective, it found that early family business experiences are crucial in fostering entrepreneurial intent across generations | |
| Identifies entrepreneurial self-efficacy and independence as key factors influencing career paths, especially succession choices. It suggests that experiencing a family business environment as an entrepreneurial setting impacts career preferences in the next generation | |
| Investigates the balancing act for next-generation family members between personal career interests and family business roles. The authors find that family business adolescents are motivated by both personal ambition and family duty. They highlight the importance of parental support in the career planning of the next generation |
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