Legal Advisors and Family Business Owners: A Transaction Cost Understanding of "the Ownership Contract"

被引：0
作者：
Haag, Kajsa [1 ,2 ,6 ]
Almlof, Hanna [2 ,3 ]
Madsen, Marina B. [4 ,5 ]
Neville, Mette [5 ]
机构：
[1] Jonkoping Univ, Jonkoping Int Business Sch, Jonkoping, Sweden
[2] CeFEO Ctr Family Entrepreneurship & Ownership, Linkoping, Sweden
[3] Linkoping Univ, Linkoping, Sweden
[4] FSR Danish Auditors, Copenhagen, Denmark
[5] Aarhus Univ, Ctr Small & Medium Sized Enterprises CeSME, Aarhus, Denmark
[6] Jonkoping Univ, Jonkoping Int Business Sch, Ctr Family Entrepreneurship & Ownership, POB 1026, S-55111 Jonkoping, Sweden
来源：
FAMILY BUSINESS REVIEW | 2024年 / 37卷 / 02期
关键词：
family business; legal advice; advisors; ownership regulation; ownership costs; SOCIOEMOTIONAL WEALTH; STEWARDSHIP THEORY; FIRM; PERSPECTIVE; LAW; CONFLICT; ASSET;
D O I：
10.1177/08944865231217882
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Family business owners are dependent on legal advice to control ownership changes and uphold a functional balance between owners. This advice spans both family law and business law. However, family business owners are found to underutilize the legal instruments available, especially for small- and medium-sized enterprises. We explore the market for legal advice provided to family business owners. Our findings describe specific ownership costs that decrease owners' willingness and ability to contract. This avoidance of ex ante costs puts the owners at risk of extensive ex post costs that could ultimately jeopardize the business.
引用
收藏
页码：292 / 314
页数：23
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