Company metamorphosis: professionalization waves, family firms and management buyouts
Howorth, C., Wright, M., Westhead, P., & Allcock, D. (2016)
Small Business Economics, 47(3), 803-817
Six UK family firms that underwent an MBO or MBI in 1998, followed to 2014. Professionalisation occurs in waves triggered by ownership and management change, not as a one-off threshold.
Sourcedoi:10.1007/s11187-016-9761-667 citations (OpenAlex)