Change search
Link to record
Permanent link

Direct link
BETA
Ljungkvist, TorbjörnORCID iD iconorcid.org/0000-0002-8337-3472
Publications (3 of 3) Show all publications
Ljungkvist, T. & Österlund, U. (2018). Quasi-markets and abnormal growth: The case of the Swedish personal care assistance industry. International Journal of Business Strategy, 18(2), 5-22
Open this publication in new window or tab >>Quasi-markets and abnormal growth: The case of the Swedish personal care assistance industry
2018 (English)In: International Journal of Business Strategy, ISSN 1553-9563, E-ISSN 2378-8585, Vol. 18, no 2, p. 5-22Article in journal (Refereed) Published
Abstract [en]

Purpose: The purpose of this study is to understand the growth of a quasi-market industry and the distribution of capital generated by the industry´s private companies.

Methodology: Using a longitudinal case study approach, descriptive panel data and a regression analysis highlight the development of medium-sized Swedish companies within the personal care assistance (PA) industry.

Findings: This study demonstrates a quasi-market growth cycle and how the hierarchical organizational dimension explains key figure differences between the business types of independent firms (undivisionalized) and conglomerate subsidiaries.

Originality: This study is the first to reveal that quasi-market conditions open up for broad redistributions of capital to non-related conglomerate-owned industries. Thereby, non-intended industries receive public funding advantages.

Place, publisher, year, edition, pages
International Academy of Business and Economics (IABE), 2018
Keywords
Quasi-market, distributable capital, personal care assistance industry, panel data, Sweden
National Category
Business Administration
Research subject
Strategic Entrepreneurship
Identifiers
urn:nbn:se:hj:diva-41768 (URN)10.18374/IJBS-18-2.1 (DOI)
Available from: 2018-10-03 Created: 2018-10-05Bibliographically approved
Boers, B., Ljungkvist, T., Brunninge, O. & Nordqvist, M. (2017). Going private: A socioemotional wealth perspective on why family controlled companies decide to leave the stock-exchange. Paper presented at European-Academy-of-Management Conference, Atlanta, GA, AUG 04-08, 2017. The Journal of Family Business Strategy, 8(2), 74-86
Open this publication in new window or tab >>Going private: A socioemotional wealth perspective on why family controlled companies decide to leave the stock-exchange
2017 (English)In: The Journal of Family Business Strategy, ISSN 1877-8585, E-ISSN 1877-8593, Vol. 8, no 2, p. 74-86Article in journal (Refereed) Published
Abstract [en]

Our purpose is to understand the process of ‘going private’ decisions in family firms by applying a socioemotional wealth (SEW) perspective, specified in the following research questions: how do socioemotional wealth considerations influence owning families’ decisions to delist their publicly-listed companies? How do socioemotional wealth considerations change after the delisting of a firm? Based on case studies of two family firms, we elaborate upon the balancing of socioemotional and financial wealth considerations by the family owners, the assessment of which changes over time. Ultimately, we propose that the experiences from being listed can lead to the reevaluation of financial, as well as socioemotional, wealth considerations. By delisting, the companies reclaim independence and control, and the identity as a private family-owned firm becomes once again pronounced. We develop the SEW-perspective by viewing the decision to delist as a mixed gamble, in that owning families have to weigh personal and financial losses against SEW gains, thereby indicating how SEW-considerations change over time. We find that owning families are willing to sacrifice current SEW, accepting current financial losses for prospective increased SEW. Additionally, in this study we extend the argument that decisions to leave the stock market are tradeoffs between competing factors.

Place, publisher, year, edition, pages
Elsevier, 2017
Keywords
Socioemotional wealth, Family business, Mixed gamble, Going private, Family ownership, Case study
National Category
Business Administration
Research subject
Humanities and Social sciences
Identifiers
urn:nbn:se:hj:diva-35402 (URN)10.1016/j.jfbs.2017.01.005 (DOI)000417670900002 ()2-s2.0-85017464265 (Scopus ID)
Conference
European-Academy-of-Management Conference, Atlanta, GA, AUG 04-08, 2017
Available from: 2017-04-21 Created: 2017-04-21 Last updated: 2018-09-04Bibliographically approved
Boers, B., Ljungkvist, T., Brunninge, O. & Nordqvist, M. (2015). Going private: Why family controlled, publicly-listed companies decide to leave the stock-exchange. In: : . Paper presented at 11th Workshop on Family Firm Management Research Shifting Boundaries in Family Firm Research, Lyon, France, May 29-30, 2015.
Open this publication in new window or tab >>Going private: Why family controlled, publicly-listed companies decide to leave the stock-exchange
2015 (English)Conference paper, Published paper (Refereed)
National Category
Business Administration
Research subject
Humanities and Social sciences
Identifiers
urn:nbn:se:hj:diva-28081 (URN)
Conference
11th Workshop on Family Firm Management Research Shifting Boundaries in Family Firm Research, Lyon, France, May 29-30, 2015
Available from: 2015-06-03 Created: 2015-10-02 Last updated: 2018-09-04Bibliographically approved
Organisations
Identifiers
ORCID iD: ORCID iD iconorcid.org/0000-0002-8337-3472

Search in DiVA

Show all publications