Dead Money: Inheritance Law and the Longevity of Family Firms

Autor:	Michael Carney, Vanessa M. Strike, Eric Gedajlovic
Přispěvatelé:	Department of Strategic Management and Entrepreneurship, Department of Business-Society Management
Rok vydání:	2014
Předmět:	Economics and Econometrics Potential impact Property (philosophy) media_common.quotation_subject Law Succession planning Longevity Economics Business and International Management Inheritance 16. Peace & justice Vitality media_common
Zdroj:	Entrepreneurship Theory and Practice, 38(6), 1261-1283. Wiley-Blackwell
ISSN:	1540-6520 1042-2587
Popis:	“Dead money” refers to the potential for the division, reduction, and misallocation of family firm assets during intergenerational wealth transfers. We consider the effects of inheritance law provisions on property transfers and the potential impact on family firm vitality in four jurisdictions: Germany, France, Hong Kong SAR, and the United States. These jurisdictions have divergent legal origins and inheritance law regimes that generate distinct patterns of transformation and continuity in family firms. The contribution of the paper is to identify external institutional factors that determine the central tendencies on family firm longevity in a literature that has hitherto focused on internal factors such as the efficacy of adopting professional management and succession planning.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d10df1ace43f8ab86cba590974013b8f https://doi.org/10.1111/etap.12123 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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