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Emotions and Succession in Family Businesses: The influence of formal, psychological and socio-symbolic ownership
Jönköping University, Jönköping International Business School.ORCID iD: 1111
Jönköping University, Jönköping International Business School.ORCID iD: 1111
2013 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

Background

The process of succession in a family firm is considered to be one of the most complex challenges within the firm. Emotions are likely to influence the different generations’ perception towards succession in the family firm. Moreover, ownership is a key factor of the family firm’s existence. The family-internal management of ownership can generate positive as well as negative emotions. Therefore, the experiences of emotions of predecessors and successors should be particularly addressed in the process of succession in relation to different constructs of ownerships.

Purpose

The purpose of this study is to examine what underlying emotions determine and influence the process of succession in a family firm. We will identify and analyse occurring emotions among different generations in family businesses regarding the aspects of formal and psychological/socio-symbolic ownership with respect to the topic of succession.

Method

We conducted data collection at the individual level with a qualitative research method. At this level, the focus is on the discovery of the main research themes and a range of variety in the beliefs and experiences of an individual. In order to gather the material, in-depth interviews, both open-ended and semi-structured, were used. The interviews were gathered from more than one individual, as the goal was to identify similarities and differences across the participants in the sample.

Conclusion

The thesis suggests that diverse emotions with a long-term focus are present with regards to the process of succession. These emotions serve as supportive or impeding factors for the succession. In this connection, it is essential to be aware and focus on a sustainable management of such emotions to ensure the transgenerational sustainability of the family firm.

Place, publisher, year, edition, pages
2013. , 59 p.
Keyword [en]
Family business, emotions, succession, ownership
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-21434OAI: oai:DiVA.org:hj-21434DiVA: diva2:627545
Supervisors
Examiners
Available from: 2013-06-18 Created: 2013-06-12 Last updated: 2013-12-09Bibliographically approved

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf