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Family equity as a transgenerational mechanism for entrepreneurial families

Philipp Bierl (WHU – Otto Beisheim School of Management, Duesseldorf, Germany)
Nadine H. Kammerlander (WHU – Otto Beisheim School of Management, Duesseldorf, Germany)

Journal of Family Business Management

ISSN: 2043-6238

Article publication date: 17 June 2019

Abstract

Purpose

The purpose of this paper is to investigate the process of family equity creation and its role for transgenerational entrepreneurship.

Design/methodology/approach

This paper combines a systematic literature review on family equity with conceptual theory building, resulting in a model of family equity creation.

Findings

The proposed model contains three phases of equity creation that ulitmately leads to transgenerational entrepreneurship: harvesting, institutionalization (via a single family office) and reinvestment.

Originality/value

This paper conceptually introduces the family equity creation model, which may serve as integrative framework for future research on transgenerational value creation by entrepreneurial families. The presented findings are of relevance for family entrepreneurship scholars, entrepreneurial families, as well as for practitioners.

Keywords

Citation

Bierl, P. and Kammerlander, N.H. (2019), "Family equity as a transgenerational mechanism for entrepreneurial families", Journal of Family Business Management, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JFBM-09-2018-0043

Publisher

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Emerald Publishing Limited

Copyright © 2019, Emerald Publishing Limited