Impact of turnaround on family ownership and control

Part of the Familienunternehmen und KMU book series (KMU)


The family-owned company, as a system of family and company, has been receiving increasing attention in research (Gomez-Mejia et al., 2011). The specific configuration of the founding family and their descendants as company owners influence both family and firm. This has been discussed in respect to the specific impact of the common identity of management and shareholder (see section, utilizing the principal agency theory (e.g., Anderson & Reeb, 2003), or by asserting these differences based on the resource-based view, thereby attributing family-specific resources to the family firm, labeled ‘familiness’ (Habbershon & Williams, 1999), which add positive and negative resources to the companies.


Family Firm Family Role Family Ownership Family Control Family Share 
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Copyright information

© Springer Fachmedien Wiesbaden GmbH 2017

Authors and Affiliations

  1. 1.Wittener Institut für Familienunternehmen (WIFU)Universität Witten/Herdecke Wittener Institut für FamilienunternehmeWittenGermany

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