Abstract

http://ssrn.com/abstract=1064341
 
 

References (17)



 
 

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Succession, Professionalization and the Staying Power of 'Familiness': A Longitudinal Study of Management Buyouts of Family Firms


Mike Wright


Nottingham University Business School

Carole Howorth


Lancaster University - Management School

Paul Westhead


Durham University


Babson College Entrepreneurship Research Conference (BCERC) 2007
Frontiers of Entrepreneurship Research 2007

Abstract:     
This study is a longitudinal analysis of eight UK family businesses that underwent an MBO/I in 1998. It examines whether the MBO/I triggers professionalization of the business, the continuance of a family ethos and their influences on performance. Analysis is of interview, survey and financial data collected from multiple respondents at three points in time up to 2006. We find that succession through MBO/I can enable the family firm to maintain its independent ownership and sustain the notion of "familiness" over time, albeit in a metamorphosed state.

Number of Pages in PDF File: 15

Keywords: Entrepreneurship

JEL Classification: M13

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Date posted: December 6, 2007  

Suggested Citation

Wright, Mike and Howorth, Carole and Westhead, Paul, Succession, Professionalization and the Staying Power of 'Familiness': A Longitudinal Study of Management Buyouts of Family Firms. Babson College Entrepreneurship Research Conference (BCERC) 2007; Frontiers of Entrepreneurship Research 2007. Available at SSRN: http://ssrn.com/abstract=1064341

Contact Information

Mike Wright
Nottingham University Business School ( email )
Jubilee Campus
Wollaton Road
Nottingham, NG8 1BB
United Kingdom
+44 115 951 5257 (Phone)
+44 115 951 5204 (Fax)
Carole Howorth (Contact Author)
Lancaster University - Management School ( email )
Lancaster, LA1 4YX
United Kingdom
Paul Westhead
Durham University ( email )
Old Elvet
Mill Hill Lane
Durham, DH1 3HP
United Kingdom
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