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Family Lives in Motion: Toward a Life Course Process Theory of Ownership Transfer in Business-Owning Families

Susan Lanz*, Gary T Burke, Kajsa Haag, Omid Omidvar

*Corresponding author for this work

    Research output: Contribution to journalArticle (Academic Journal)peer-review

    Abstract

    Despite the importance of family ownership in family business, limited attention has been given to the interplay between evolving family contexts, unpredictable life courses, and ownership transfer choices. Based on a study of ownership transfer narratives of 27 members of business families, we investigate how shifts in family life precipitate different types of intrafamily ownership transfers. Drawing on life course theory, we find that changing family lives and events precipitate three types of ownership transfers: symbolic, protectionist, and rebalancing. We advance a theoretical framework which contributes more nuanced insights into processual and temporal aspects of ownership transfer embedded in family dynamics.
    Original languageEnglish
    Article number08944865251361198
    Pages (from-to)210-238
    Number of pages29
    JournalFamily Business Review
    Volume38
    Issue number3
    Early online date1 Aug 2025
    DOIs
    Publication statusPublished - 1 Sept 2025

    Bibliographical note

    Publisher Copyright:
    © The Author(s) 2025.

    Research Groups and Themes

    • SIMBE
    • MGMT Strategy International Management and Business and Entrepreneurship

    Keywords

    • Intrafamily ownership transfer, family embeddedness, life course theory, narrative inquiry

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