Wolff, Sven; Schell, Sabrina; Moog, Petra (2020). Information asymmetries in intrafamily business succession BRQ Business Research Quarterly, 25(2), pp. 173-192. 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) |
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Division/Institute: |
Business School > Institute for New Work Business School |
Name: |
Wolff, Sven; Schell, Sabrina  0000-0002-4694-7713 and Moog, Petra |
Subjects: |
H Social Sciences > HB Economic Theory |
ISSN: |
2340-9444 |
Publisher: |
SAGE |
Submitter: |
Sabrina Schell |
Date Deposited: |
25 Feb 2022 11:34 |
Last Modified: |
17 Apr 2022 01:34 |
Publisher DOI: |
10.1177/2340944420942525 |
Uncontrolled Keywords: |
business succession information asymmetries family firms succession process |
ARBOR DOI: |
10.24451/arbor.15638 |
URI: |
https://arbor.bfh.ch/id/eprint/15638 |
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