Generation Two and Beyond — The Family Business

Joachim Schwass, Håkan Hillerström, Holger Kück and Colleen Lief
Additional contact information
Joachim Schwass: IMD
Colleen Lief: IMD

Chapter 3 in Wise Wealth, 2011, pp 18-36 from Palgrave Macmillan

Abstract: Abstract What exactly is a family business? There is no simple answer to this question. In family business research, many varied definitions are used to describe companies with concentrated ownership — that is, companies that are concentrated in the hands of one or more families (as opposed to companies with dispersed ownership). Some believe a family member must be involved in day-to-day management for the business to qualify as a family company; others say that merely having influence over the operation of a firm is enough. We consider a company to be a family business when it has experienced at least one generational transition and is owned by one or more families, such that they exert control over the enterprise. We think this only comes about through holding voting shares equal to at least 30 percent.

Keywords: Family Business; Concentrate Ownership; Entrepreneurial Culture; Disperse Ownership; Capital Person (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-29527-8_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230295278

DOI: 10.1057/9780230295278_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().