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Succession in Private Firms as an Entrepreneurial Process – A Review and Suggestions of New Research avenues

Author

Listed:
  • Wennberg, Karl

    () (The Ratio Institute and Stockholm School of Economics)

  • Nordqvist, Mattias

    () (Jönköping International Business School)

  • Bau, Massimo

    () (University of Udine)

  • Hellerstedt, Karin

    () (Jönköping International Business School)

Abstract

In considering firm succession as the acts of both entrepreneurial exit and entry, this paper adds to work that seeks to integrate entrepreneurship and family business research. We provide a comprehensive literature review of succession research over the past 35 years and identify seven thematical clusters within which succession can be understood as a distinct part of the entrepreneurial process, and three areas of particular interest for future research seeking to advance the literatures on entrepreneurship, family firms, and governance in private firms. The paper explores theoretical, conceptual, and methodological ways of integrating these findings into the research on entrepreneurship and family business.

Suggested Citation

  • Wennberg, Karl & Nordqvist, Mattias & Bau, Massimo & Hellerstedt, Karin, 2010. "Succession in Private Firms as an Entrepreneurial Process – A Review and Suggestions of New Research avenues," Ratio Working Papers 157, The Ratio Institute.
  • Handle: RePEc:hhs:ratioi:0157
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    File URL: http://ratio.se/app/uploads/2014/11/kw_mn_mb_kh_succession_157.pdf
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    Cited by:

    1. Basco, Rodrigo & Pérez Rodríguez, María José, 2011. "Ideal types of family business management: Horizontal fit between family and business decisions and the relationship with family business performance," Journal of Family Business Strategy, Elsevier, vol. 2(3), pages 151-165.

    More about this item

    Keywords

    Family firms; Succession; Entrepreneurship;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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