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Intergenerational ownership succession: Shifting the focus from outcome measurements to preparatory requirements
Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
2015 (English)In: The Journal of Family Business Strategy, ISSN 1877-8585, E-ISSN 1877-8593, ISSN 1877-8585, Vol. 6, no 3, 166-177 p.Article in journal (Refereed) Published
Abstract [en]

This article contributes to the family business succession literature by (1) addressing ownership succession rather than management succession, (2) recommending a combination of legal and psychological perspectives on ownership to advance our understanding and (3) suggesting a preparatory approach to succession. Measuring the success of management succession has mainly been undertaken by assessing outcomes. Learning retrospectively why a succession was (un)successful may deepen our understanding of the process, but it is not particularly helpful to the business in question. We propose an alternative method for ownership succession: a preparatory approach that establishes requirements to fulfill before the succession takes place. These requirements are presented in a model that considers both the legal/financial and the psychological aspects of ownership and are formulated to improve intergenerational ownership succession and the post-succession prosperity of the firm.

Place, publisher, year, edition, pages
2015. Vol. 6, no 3, 166-177 p.
Keyword [en]
Ownership, Succession, Preparation, Legal ownership, Psychological ownership
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-27977DOI: 10.1016/j.jfbs.2015.07.001ISI: 000362135800004Scopus ID: 2-s2.0-84941171017OAI: oai:DiVA.org:hj-27977DiVA: diva2:854736
Available from: 2015-09-17 Created: 2015-09-17 Last updated: 2016-01-12Bibliographically approved

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Sund, Lars-GöranMelin, LeifHaag, Kajsa
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CiteExportLink to record
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Citation style
  • apa
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More styles
Language
  • de-DE
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  • nn-NB
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