Who gets what? Justice principles in family business succession

Item Type Conference or Workshop Item (Paper)
Abstract

When confronted with the decision of how to pass on ownership and management, incumbent family business owners can choose between two different justice principles: Equality and equity. While equality typically represents the justice principle that prevails in the family sphere, equity is the prevalent justice principle in the business sphere. Our paper investigates which justice principle incumbents intend to choose when passing on the business within the family, and how the related preferences alter depending family influence in ownership and management. Based on survey responses of 1’258 owner-managers, we found that ownership and management are passed on according to different justice principles. Surprisingly, an increased family influence in ownership leads to a preference for the equity principle in management and ownership succession. With our study, we contribute to the literatures of family business succession, justice and governance.

Authors Kissling Streuli, Sonja; Bird, Miriam & Zellweger, Thomas Markus
Subjects business studies
Institute/School KMU - Swiss Research Institute of Small Business and Entrepreneurship
IMP - Institute for Systemic Management and Public Governance
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HSG Classification contribution to scientific community
HSG Profile Area SoM - Business Innovation
Date August 2017
Publisher Academy of Management Proceedings
Event Title Annual Meeting of the Academy of Management
Event Location Atlanta
Depositing User Prof. PhD Miriam Bird
Date Deposited 14 Jan 2018 22:02
Last Modified 24 Feb 2018 01:21
URI: https://www.alexandria.unisg.ch/publications/253293

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Citation

Kissling Streuli, Sonja; Bird, Miriam & Zellweger, Thomas Markus: Who gets what? Justice principles in family business succession. 2017. - Annual Meeting of the Academy of Management. - Atlanta.

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https://www.alexandria.unisg.ch/id/eprint/253293
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