Family firm challenges in intergenerational wealth transfer

Carr, Jon and Chrisman, James and Chua, Jesus Huan and Steier, Lloyd (2016) Family firm challenges in intergenerational wealth transfer. Entrepreneurship Theory and Practice, 40 (6). pp. 1197-1208. ISSN 1042-2587

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Abstract

Family firm owners accumulate economic and noneconomic wealth that they may wish to transfer to the next generation. Their challenges in doing so include: what, to whom, when, and how to transfer this wealth. The decisions made and actions taken will impact behavior and performance as well as the type and amount of wealth eventually transferred. The articles and commentaries in this special issue address some of these challenges, specifically the what of family firm legacy, the who of willing intra–family successors, and the how of both family and business destabilization and re–stabilization after a major strategic move as illustrated by internationalization.

Item Type: Journal Article
Journal or Publication Title: Entrepreneurship Theory and Practice
Uncontrolled Keywords: /dk/atira/pure/subjectarea/asjc/1400/1403
Subjects:
ID Code: 127823
Deposited By: ep_importer_pure
Deposited On: 28 Sep 2018 08:08
Refereed?: Yes
Published?: Published
Last Modified: 19 Feb 2020 04:50
URI: https://eprints.lancs.ac.uk/id/eprint/127823

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