1. – Assistant Professor, Methodist Girls’ Degree College Roorkee, Haridwar, Uttarakhand, India.
| Received
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Accepted
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Published
04-Jan-2021 |
Abstract
Family businesses made indisputable contribution
to the speedy economic development of India.
For running the family business in a smooth way,
successor traits are essential. For this study two
dimensions of successor traits (successor knowledge
and successor willingness) were studied. Family
business succession is the process of transferring
management and possession of business to the
next generation of family members. This transfer
may also include family properties as part of the
process. Family members normally play a scheming
role both in management succession as well as the
ownership succession. That is why this study seeks
out to access the influence of successor knowledge
and successor willingness on sustainability in family
business in India with the help of SPSS (version
21). The study is based on the sample of 200
respondents from Uttarakhand India. A questionnaire
based on 18 statements with five points likert
scale was used. Factor Analysis and Cronbach’s
alpha value were applied to test validity and
reliability. For testing the hypotheses regression
was applied. Some demographic information were
also discussed. Study reveals that the dimensions
of successor traits (Succession Knowledge and
Succession Willingness) significantly related to the
sustainability to the family business in India.
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