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Original Research

INTERPLAY OF INTERGENERATIONAL RELATIONSHIP QUALITY, ENTREPRENEURIAL KNOWLEDGE SHARING, AND BUSINESS PERFORMANCE IN FAMILY FIRMS: A PATH TO FIRM-FAMILY SUSTAINABILITY

IDRIS IDRIS 1, MUHAMMAD NASIR 2, HERSUGONDO HERSOGONDO 3, TUMPAL SITUMORANG 4, and SUGENG WAHYUDI 5.

Vol 18, No 12 ( 2023 )   |  DOI: 10.5281/zenodo.10300204   |   Author Affiliation: Faculty of Economics and Business - Diponegoro University, Semarang, Indonesia 1,2,3,4,5.   |   Licensing: CC 4.0   |   Pg no: 57-71   |   Published on: 04-12-2023

Abstract

At present, the focus of family businesses on long-term sustainability is rooted in the achievements of preceding generations. This success reflects the family's control over and inheritance of both wealth and social accomplishments. However, family businesses face challenges such as potential conflicts, emotional disruptions, differences in beliefs, and individual egos, all of which can significantly impact business continuity. Entrepreneurial knowledge sharing represents the interaction and communication between individuals and business units, contributing to a company's strategic development. This culture of knowledge sharing carries implications for enhancing relationships with company resources and serves as a means of preserving values and traditions within a family business. The aim of this research is to examine the Intergeneration Relationship Quality variable as a mediator in addressing the gap in entrepreneurial knowledge-sharing research concerning the sustainability of family businesses. The research sample comprises family business owners in the Central Java region, selected using purposive sampling techniques. The research findings indicate a positive influence on all four hypotheses.


Keywords

Family Company Orientation, Long-Term Sustainability, Entrepreneurial Knowledge Sharing, Relationship Quality, Family Business Constraints.