Information asymmetries in intrafamily business succession

Wolff, Sven; Schell, Sabrina; Moog, Petra (2020). Information asymmetries in intrafamily business succession. Business Research Quarterly, 23, p. 234094442094252. SAGE 10.1177/2340944420942525

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The often long-lasting process of intrafamily business succession involves contracts for management and ownership transfer that unfold in a complex series of stages. The older and larger a family business, the more heterogeneous the involved family members’ interactions and interests can become. These differences become obvious in the succession process. Also, in entrepreneurial families, information is not easy to obtain and is neither perfect nor unlimited, for example, with regard to expectations regarding the duration or the type of business succession. Information asymmetries can arise. This article investigates the drivers of information asymmetries and provides insight into the current research by investigating information asymmetries and their impact during different phases of intrafamily business succession. Data from 215 German firms reveal the occurrence of specific information asymmetries during different phases of intrafamily business succession.

Item Type:

Journal Article (Original Article)

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Department of Business Management > Institute of Organization and Human Resource Management > Human Resource Management

UniBE Contributor:

Schell, Sabrina

Subjects:

600 Technology > 650 Management & public relations
300 Social sciences, sociology & anthropology > 330 Economics

ISSN:

2340-9436

Publisher:

SAGE

Language:

English

Submitter:

Dr. Sabrina Schell

Date Deposited:

22 Mar 2021 11:24

Last Modified:

28 Mar 2021 03:59

Publisher DOI:

10.1177/2340944420942525

BORIS DOI:

10.48350/154188

URI:

https://boris.unibe.ch/id/eprint/154188

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