Value Creation in Family Firms: A Model of Fit

Kammerlander, Nadine; Sieger, Philipp; Voordeckers, Wim; Zellweger, Thomas (2015). Value Creation in Family Firms: A Model of Fit. Journal of family business strategy, 6(2), pp. 63-72. Elsevier 10.1016/j.jfbs.2015.04.001

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We propose a framework describing how family ownership can create or destroy value depending on the goals, resources, and governance of the family firm, which are each influenced by the family owners. Taking a contingency perspective, we suggest that a fit is required for all three elements – family- influenced goals, resources, and governance – for the family firm to flourish over generations. We conclude with a suggested research agenda indicating research opportunities at the nexus of these identified elements. Further we provide some guiding questions for practitioners that might stimulate fruitful discussions among family firm owners and managers about how to realize ‘‘fit.’’

Item Type:

Journal Article (Original Article)

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Department of Business Management > Institute of Innovation Management > Management

UniBE Contributor:

Sieger, Philipp

Subjects:

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

ISSN:

1877-8585

Publisher:

Elsevier

Language:

English

Submitter:

Philipp Sieger

Date Deposited:

19 Jul 2016 10:19

Last Modified:

17 Aug 2018 16:45

Publisher DOI:

10.1016/j.jfbs.2015.04.001

Uncontrolled Keywords:

Family firm, Value creation, Governance, Contingency view, Goals Resources

BORIS DOI:

10.7892/boris.84182

URI:

https://boris.unibe.ch/id/eprint/84182

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