IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this paper

A Contractual Perspective on Succession in Family Firms

Listed author(s):
  • Bjuggren, Per-Olof

    ()

    (The Ratio Institute, Jönköping International Business School)

  • Sund, Lars-Göran

    ()

    (Jönköpings International Business School)

Abstract This paper analyses succession in family firms from a contractual perspective. A firm is regarded as a nexus of contractual relations with owners, employees, suppliers of goods and services and customers. These contractual parties are in differing degrees tied to the firm through asset specificities. Succession can affect the value of such assets. In this sense they become stakeholders with vested interests in the succession process. The theoretical discussion of affected stakeholders is backed up by a survey study of 143 Swedish family-owned businesses that have been subject to succession. The results show that the opinions of close shareholders such as family members and incumbent mangers as well as those of other stakeholders such as suppliers and customers are important.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://ratio.se/app/uploads/2014/11/pob_lgs_succession_181.pdf
Download Restriction: no

Paper provided by The Ratio Institute in its series Ratio Working Papers with number 181.

as
in new window

Length: 13 pages
Date of creation: 14 Nov 2011
Handle: RePEc:hhs:ratioi:0181
Contact details of provider: Postal:
The Ratio Institute, P.O. Box 5095, SE-102 42 Stockholm, Sweden

Phone: 08-441 59 00
Fax: 08-441 59 29
Web page: http://www.ratio.se/
Email:


More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as
in new window


  1. Williamson, Oliver E, 1988. " Corporate Finance and Corporate Governance," Journal of Finance, American Finance Association, vol. 43(3), pages 567-591, July.
  2. Per-Olof Bjuggren & Johanna Palmberg, 2009. "A Contractual Perspective of the Firm with an Application to the Maritime Industry," Chapters,in: The Modern Firm, Corporate Governance and Investment, chapter 4 Edward Elgar Publishing.
  3. Per-Olof Bjuggren & Dennis C. Mueller, 2009. "Introduction: The Modern Firm, Corporate Governance and Investment," Chapters,in: The Modern Firm, Corporate Governance and Investment, chapter 1 Edward Elgar Publishing.
  4. Oliver E. Williamson, 2000. "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 595-613, September.
  5. Bjuggren, Per-Olof & Sund, Lars-Goran, 2002. "A Transaction Cost Rationale for Transition of the Firm within the Family," Small Business Economics, Springer, vol. 19(2), pages 123-133, September.
  6. Bjuggren, Per-Olof, 1995. "A transaction cost perspective on financial distress and capital structure," International Review of Law and Economics, Elsevier, vol. 15(4), pages 395-404, December.
  7. Lars-Göran Sund & Per-Olof Bjuggren, 2007. "Family-owned, limited close corporations and protection of ownership," European Journal of Law and Economics, Springer, vol. 23(3), pages 273-283, June.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:hhs:ratioi:0181. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Martin Korpi)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.