Abstract
Designing an optimal ownership structure is one of the most important — and challenging — tasks any family business can engage in. The ownership structure affects the incentives, behavior and ultimately the performance of family members, family managers and other stakeholders in the firm. It determines the distribution of power between individuals within the family and with non-family owners. It is particularly crucial where family members disagree about how to take the firm forward, not least because it determines the allocation of voting rights, the transferability of ownership rights, and how profits and losses are shared.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Discover more
Bennedsen, Morten, Robert J. Crawford, and Rolf Hoefer. Hermes. Case Pre-Release version, INSEAD, Fall 2013.
Cadbury, Deborah, and Morten Bennedsen. Cadbury — The Chocolate Factory: Sold for 20p. (Part 2). Case Pre-Release version, INSEAD, Spring 2013.
Leung, Winnie S.C. Concentrating Ownership in Family Firms: The Case of Family Trusts. PhD thesis. The Chinese University of Hong Kong. 2010.
Villalonga, Belen, and Chris Hartman. New York Times Co. Harvard Business School Case (207–113; 209–017), 2008.
Copyright information
© 2014 Morten Bennedsen and Joseph P.H. Fan
About this chapter
Cite this chapter
Bennedsen, M., Fan, J.P.H. (2014). Ownership Design. In: The Family Business Map. INSEAD Business Press. Palgrave Macmillan, London. https://doi.org/10.1057/9781137382368_5
Download citation
DOI: https://doi.org/10.1057/9781137382368_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-47998-6
Online ISBN: 978-1-137-38236-8
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)