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The family business map: Framework, selective survey, and evidence from Chinese family firm succession

Bennedsen, Morten; Fan, Joseph; Jian, Ming; Yeh, Yin-Hua


This paper analyzes the causes and consequences of founding family engagement in firm ownership and management. We hypothesize that families manage their firms because they are able to make contributions that non-family managers cannot provide. However, roadblocks arising from within the family, from markets, and from surrounding institutions challenge family ownership. We propose a new framework for organizing these assets and roadblocks, called the family business map; this framework is...[Show more]

CollectionsANU Research Publications
Date published: 2015
Type: Journal article
Source: Journal of Corporate Finance
DOI: 10.1016/j.jcorpfin.2015.01.008


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