The financial burden of passing on the legacy: Exploring ownership succession financing in family firms
Vekemans, L., Michiels, A., Steijvers, T., & Molly, V. (2026)
Journal of Small Business Management, online first
Conjoint experiment: 1,520 loan assessments by 95 Belgian bank officers. Professionalisation practices, especially independent board members and external advisors, raise willingness to finance intergenerational ownership succession. States that "research on [succession's] financial dimension remains scarce".
Sourcedoi:10.1080/00472778.2026.26635610 citations (OpenAlex)