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Business family identity in single family offices – A configurational approach

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  • Krüger, Clemens Christian
  • Klaiber, Christian-Titus
  • Prügl, Reinhard

Abstract

This study examines how single family offices (SFOs) can serve as vessels for preserving business family identity (BFI) in both the presence and absence of operating family firms. Through a configurational analysis of survey data from 51 German SFOs, we identify nine distinct pathways through which business families preserve their distinctive identity. We demonstrate that BFI preservation is achievable through various configurations of asset management strategies, governance structures, and service intensity. The study indicates the equifinal nature of identity preservation, demonstrating how both stand-alone and hybrid SFOs can achieve similar BFI preservation outcomes through different mechanisms. These findings advance our understanding of how business families preserve their entrepreneurial identity in diverse organizational contexts.

Suggested Citation

  • Krüger, Clemens Christian & Klaiber, Christian-Titus & Prügl, Reinhard, 2025. "Business family identity in single family offices – A configurational approach," Journal of Family Business Strategy, Elsevier, vol. 16(4).
    • Handle: RePEc:eee:fambus:v:16:y:2025:i:4:s1877858525000385
    DOI: 10.1016/j.jfbs.2025.100697
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