Ownership Strategies in Family Businesses: A Conceptual Framework

Jari Sorvisto (), Marita Rautiainen (), Timo Pihkala () and Maria José Parada ()
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Jari Sorvisto: LUT University
Marita Rautiainen: LUT University
Timo Pihkala: LUT University
Maria José Parada: ESADE Business School

Chapter Chapter 9 in The Palgrave Handbook of Managing Family Business Groups, 2023, pp 223-240 from Springer

Abstract: Abstract In this chapter, we introduce the concept of ownership strategy for family businesses. Ownership has a fundamental role in family businesses where its strategic meaning raises the questions of to whom the owner’s strategy is intended and how it should be managed? To answer these questions, we introduce a conceptual framework with four different types of ownership strategies in family businesses. We suggest that ownership strategies consist of multilayered parts and each part needs a specific context and reason for being. This framework can help clarify the nature of ownership in family businesses and is a promising approach to solving the ownership paradox as it offers the owner a tool that would be directed and applicable to guiding the managerial and governance systems of businesses.

Keywords: Family Business; Family firm; Ownership; Ownership strategy; Family ownership; Succession (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-13206-3_9

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DOI: 10.1007/978-3-031-13206-3_9

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