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FACTORS AFFECTING DECISION MAKING TO SELECT SUCCESSORS OF FAMILY BUSINESSES IN THAILAND |
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| รหัสดีโอไอ | |
| Creator | Polvasut Mahaiamsiri |
| Title | FACTORS AFFECTING DECISION MAKING TO SELECT SUCCESSORS OF FAMILY BUSINESSES IN THAILAND |
| Contributor | Piraphong Foosiri, Kawin Chuaikaew, Sivanart Phongvisit, Rawida Wiriyakitjar |
| Publisher | University of the Thai Chamber of Commerce |
| Publication Year | 2566 |
| Journal Title | Journal of Family Business and Management Studies |
| Journal Vol. | 15 |
| Journal No. | 2 |
| Page no. | 103-120 |
| Keyword | Succession Plan, Recruitment Process, Strategic Planning, Decision Making to select Successor and Family Business |
| URL Website | www.fbmsjournal.com |
| Website title | fbmsjournal |
| ISSN | 2821-9643(online) |
| Abstract | The objective of this research is to investigate the model of decision-making elements affecting succession selection in Thai family businesses. A Structural Equation Model (SEM) was developed using pertinent theories and studies. Examine and assess the causal relationship variables of Succession Plan, Recruitment Process, and Strategic Planning to see if they have direct or indirect effects on the Decision Making to Select Successor in a family firm. Three hundred units of analysis are picked from the family company. Multiple-stage population sample is comprised of current owners or CEOs from a proportion of six district districts in Thailand. A set of questionnaires is utilized for data collection. To evaluate the hypotheses, a structural equation modeling (SEM) study utilizing the AMOS 21 program is done. The most pertinent data reveal a positive and significant link between succession planning, strategic planning, and family culture in the selection of successors in family firms. Exception, the recruitment process has no direct, negative, or significant impact on the selection of a successor. |
