Analysis on the Allocation of Control Right of Intergenerational Inheritance of Family Enterprises in the New Era

Overview Of Intergenerational Inheritance Of Family Enterprises

The concept of intergenerational interactions encompasses a wide range of subjects, including intergenerational transmission (Gheisari et al. 2021). Relationships between people from different generations of a family are called intergenerational connections (Abdel-Basset et al. 2018). People of all ages, young and old, use the term all the time to describe a wide range of social activities that are unconnected (Liu et al. 2015). A good or service passed down from one generation to the next is transmitted intergenerationally in family contexts (Abou-Nassar et al. 2020). Studies looking at the connection between parents' self-reported involvement and intergenerational characteristics with their parents aim to understand the impact that a parent's involvement has on their children's development. These studies look at the ways in which a parent's involvement in their child's life, such as providing emotional support, guidance and financial resources, is linked to the characteristics that parents pass down to their children, such as values, beliefs and lifestyle. The findings of these studies can help parents understand how their involvement in their children's lives can shape their children's future. Additionally, these studies can provide important information for policy makers to better understand the effects of parental involvement in the lives of their children and to develop effective policies that promote positive outcomes for children.

First, these researches examined the relationship between parents' self-reported engagement and intergenerational characteristics with their father’s figures and opinions (Kuthadi et al. 2021). Individual capabilities, characteristics, attitudes, and consequences can be transferred from parents to their offspring (Amudha. 2021). Economists have extensively researched the intergenerational transmission of education incomes, reproduction, and welfare (Singh et al. 2021). In addition to being passed down through generations, familial culture too is learned and passed on through the generations (Gao et al. 2020).

One of the most important aspects of China's private sector is the family company, in which traditional family practices are passed down over the years as the family grows, and new generations are introduced (Abdel-Basset et al. 2019). In a family-owned enterprise, the majority of the company's capital or shares are held by the family members who hold the majority of the company's executive roles (Le et al. 2020). Sequences in family-owned businesses (FOBs) do not even work out very often, unfortunately (Abou-Nassar et al. 2020). Father-to-son monarchies, in which the family's love for its offspring demands that a child take over the enterprise, irrespective of appropriateness (MeenaakshiSundhari et al. 2020). Many investigations show a mismatch between an organization's past, which explains why succession is too problematic in organizations (Gao et al. 2020). It is possible that the successor is overly attached to the past, rejects it outright, or mixes the past with the present in a way that does not fit (Amudha & Narayanasamy. 2018). Each has distinct inclinations in strategy, structure, and administration, and each has its own set of unique symptoms (Rao et al. 2019).