The role of family dynamics on transition processes in family firms
- In a qualitative study of 16 family firms in Germany, we examine four family dynamics, namely cohesion of extended families, multiple involved family members, predecessor-successor-relationship, and parents and partner influence. 31 semi-structured interviews with predecessor and successor CEOs identified that the family dynamics have different influences on four major transition mechanisms, namely control, knowledge transfer, harboring, and emotional alignment that lead to two outcomes, heritage maintenance and transformation. Our findings are encapsulated in a family dynamic-transition-outcome model.
| Author of HS Reutlingen | Bueechl, Joerg |
|---|---|
| DOI: | https://doi.org/10.5465/AMPROC.2024.164bp |
| ISSN: | 0065-0668 |
| Published in: | Academy of Management proceedings |
| Publisher: | Academy of Management |
| Place of publication: | Valhalla, NY |
| Document Type: | Conference proceeding |
| Language: | English |
| Publication year: | 2024 |
| Volume: | 2024 |
| Issue: | 1 |
| Page Number: | 6 |
| DDC classes: | 330 Wirtschaft |
| Open access?: | Nein |
| Licence (German): |  In Copyright - Urheberrechtlich geschützt |
