publication . Article . Other literature type . 2018

Succession financing in family firms

Koropp, Christian; Grichnik, Dietmar; Gygax, André;
Open Access English
  • Published: 18 Jun 2018
  • Publisher: Springer Science and Business Media LLC
Abstract
Business succession is one of the primary management challenges for family firms. However, many family firms fail at this task because of financial issues. Although a vast number of studies have investigated the succession process, research thus far has failed to determine how and why family firms select particular forms of financing for succession-related expenditures. Accordingly, this study conceptually and empirically investigates succession financing. We introduce a conceptual framework that investigates the reasons behind an owner-manager's intent to use debt for succession financing. Specifically, our model accounts for general and succession-related pers...
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publication . Article . Other literature type . 2018

Succession financing in family firms

Koropp, Christian; Grichnik, Dietmar; Gygax, André;