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    Rights statement: This is the author’s version of a work that was accepted for publication in Journal of Business Research. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Business Research, 143, 2022 DOI: 10.1016/j.jbusres.2022.01.034

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Our social legacy will go on: Understanding outcomes of family SME succession through Engaged Buddhism

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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Our social legacy will go on: Understanding outcomes of family SME succession through Engaged Buddhism. / Burton, Nicholas; Vu, Mai; Discua Cruz, Allan.
In: Journal of Business Research, Vol. 143, 30.04.2022, p. 105-118.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Burton, N, Vu, M & Discua Cruz, A 2022, 'Our social legacy will go on: Understanding outcomes of family SME succession through Engaged Buddhism', Journal of Business Research, vol. 143, pp. 105-118. https://doi.org/10.1016/j.jbusres.2022.01.034

APA

Burton, N., Vu, M., & Discua Cruz, A. (2022). Our social legacy will go on: Understanding outcomes of family SME succession through Engaged Buddhism. Journal of Business Research, 143, 105-118. https://doi.org/10.1016/j.jbusres.2022.01.034

Vancouver

Burton N, Vu M, Discua Cruz A. Our social legacy will go on: Understanding outcomes of family SME succession through Engaged Buddhism. Journal of Business Research. 2022 Apr 30;143:105-118. Epub 2022 Jan 29. doi: 10.1016/j.jbusres.2022.01.034

Author

Burton, Nicholas ; Vu, Mai ; Discua Cruz, Allan. / Our social legacy will go on : Understanding outcomes of family SME succession through Engaged Buddhism. In: Journal of Business Research. 2022 ; Vol. 143. pp. 105-118.

Bibtex

@article{4a4ec4649eaa4b6982c5b1fdc5e4ae3d,
title = "Our social legacy will go on: Understanding outcomes of family SME succession through Engaged Buddhism",
abstract = "Family business succession has been typically understood as a function of safeguarding a biological, social or material legacy for future generations. While existing scholarship has suggested that family business succession to non-kin warrants further exploration, few have identified religion as an influential factor in such a process. In this study, we offer a counterintuitive illustration to existing explanations of kin succession in family businesses influenced by the role of religion. Our study of 12 Buddhist family businesses in Vietnam shows a connection between non-kin succession and Buddhist philosophy. In particular, we find that the Buddhist principles of non-attachment and impermanence were instrumental in influencing how incumbents rejected succession as a biological and material legacy process. In contrast, family businesses conceived succession as the continuance of a social legacy, whereby those who were best-placed to carry on the social legacy were selected as successors. We offer an inductive conceptual model that connects Buddhist principles to the foregrounding of a social legacy and our paper concludes with implications and opportunities for further research.",
keywords = "Family business, Succession, Legacy, Religion, Buddhism",
author = "Nicholas Burton and Mai Vu and {Discua Cruz}, Allan",
note = "This is the author{\textquoteright}s version of a work that was accepted for publication in Journal of Business Research. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Business Research, 143, 2022 DOI: 10.1016/j.jbusres.2022.01.034",
year = "2022",
month = apr,
day = "30",
doi = "10.1016/j.jbusres.2022.01.034",
language = "English",
volume = "143",
pages = "105--118",
journal = "Journal of Business Research",
issn = "0148-2963",
publisher = "Elsevier Inc.",

}

RIS

TY - JOUR

T1 - Our social legacy will go on

T2 - Understanding outcomes of family SME succession through Engaged Buddhism

AU - Burton, Nicholas

AU - Vu, Mai

AU - Discua Cruz, Allan

N1 - This is the author’s version of a work that was accepted for publication in Journal of Business Research. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Business Research, 143, 2022 DOI: 10.1016/j.jbusres.2022.01.034

PY - 2022/4/30

Y1 - 2022/4/30

N2 - Family business succession has been typically understood as a function of safeguarding a biological, social or material legacy for future generations. While existing scholarship has suggested that family business succession to non-kin warrants further exploration, few have identified religion as an influential factor in such a process. In this study, we offer a counterintuitive illustration to existing explanations of kin succession in family businesses influenced by the role of religion. Our study of 12 Buddhist family businesses in Vietnam shows a connection between non-kin succession and Buddhist philosophy. In particular, we find that the Buddhist principles of non-attachment and impermanence were instrumental in influencing how incumbents rejected succession as a biological and material legacy process. In contrast, family businesses conceived succession as the continuance of a social legacy, whereby those who were best-placed to carry on the social legacy were selected as successors. We offer an inductive conceptual model that connects Buddhist principles to the foregrounding of a social legacy and our paper concludes with implications and opportunities for further research.

AB - Family business succession has been typically understood as a function of safeguarding a biological, social or material legacy for future generations. While existing scholarship has suggested that family business succession to non-kin warrants further exploration, few have identified religion as an influential factor in such a process. In this study, we offer a counterintuitive illustration to existing explanations of kin succession in family businesses influenced by the role of religion. Our study of 12 Buddhist family businesses in Vietnam shows a connection between non-kin succession and Buddhist philosophy. In particular, we find that the Buddhist principles of non-attachment and impermanence were instrumental in influencing how incumbents rejected succession as a biological and material legacy process. In contrast, family businesses conceived succession as the continuance of a social legacy, whereby those who were best-placed to carry on the social legacy were selected as successors. We offer an inductive conceptual model that connects Buddhist principles to the foregrounding of a social legacy and our paper concludes with implications and opportunities for further research.

KW - Family business

KW - Succession

KW - Legacy

KW - Religion

KW - Buddhism

U2 - 10.1016/j.jbusres.2022.01.034

DO - 10.1016/j.jbusres.2022.01.034

M3 - Journal article

VL - 143

SP - 105

EP - 118

JO - Journal of Business Research

JF - Journal of Business Research

SN - 0148-2963

ER -