Abstract

The general interest in family firms increases in the last decades (Debicki et al. 2009). The research stream of business succession offers many success factors and ideas, what the key factors of missing the strategic goal of succession are. Family firms have the challenge to transfer contacts and social capital during the business succession process to stay successful. How to handle this challenge is the main question of this research. One key factor explaining failure and success of business succession could be the potential loss of social capital in the intergenerational transfer (De Freyman et al. 2006; Steier 2001; Nahapiet, Ghoshal 1998). Thus, to exploit the old contacts of predecessors the younger successors need a transfer of this social capital or another solution to keep advantages of the contacts.

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