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Family ownership logic: Framing the core characteristics of family businesses
Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).ORCID iD: 0000-0002-2748-8830
School of Business, Economics and Law, Gothenburg University, Gothenburg, Sweden .
Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
2014 (English)In: Journal of Management and Organization, ISSN 1833-3672, E-ISSN 1839-3527, Vol. 20, no 1, p. 6-37Article in journal (Refereed) Published
Abstract [en]

In this article we show how specific family business logic shapes managerial practices. Based on empirical material from 20 case studies of family ownership governance, our study identifies seven core characteristics of family ownership logic. These include active, visible and persistent ownership with few owners, relatively stable strategic development encompassing multiple ownership goals, autonomy towards capital markets, and a strong identification and emotional bonding with the business. By considering the family business context, we find managerial practices that are prevalent in the majority of businesses around the world and that have implications for ownership research. It is concluded that by taking the logic of ownership into consideration when studying family businesses, researchers in this field can contribute to the growing literature on sociocultural and behavioural factors in corporate governance relations.

Place, publisher, year, edition, pages
2014. Vol. 20, no 1, p. 6-37
Keywords [en]
ownership, strategy, family-controlled businesses, emotional bonding, family ownership logic
National Category
Humanities Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-24192DOI: 10.1017/jmo.2014.15ISI: 000341631100002OAI: oai:DiVA.org:hj-24192DiVA, id: diva2:731172
Funder
Riksbankens JubileumsfondAvailable from: 2014-07-01 Created: 2014-07-01 Last updated: 2017-12-05Bibliographically approved

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Brundin, EthelFlorin Samuelsson, EmiliaMelin, Leif

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