Internal versus external ownership transition in family firms: An embeddedness perspective
Wiklund, J., Nordqvist, M., Hellerstedt, K., & Bird, M. (2013)
Entrepreneurship Theory and Practice, 37(6), 1319-1340
Longitudinal data on 3,829 family firms and their ownership transitions (the Swedish register research programme; country not named in the abstract). Ownership dispersion, number of potential heirs, multigenerational involvement and a family CEO predict internal versus external transition. Focus is ownership transition, not management succession.
Sourcedoi:10.1111/etap.12068132 citations (OpenAlex)