For Money or Love? Financial and Socioemotional Considerations in Family Firm Succession

被引：10

作者：

Jaskiewicz, Peter ^{[1
]}

Lutz, Eva ^{[2
]}

Godwin, Melissa ^{[3
]}

机构：

[1] Concordia Univ, John Molson Sch Business, Entrepreneurship & Family Business, 1450 Guy St, Montreal, PQ, Canada

[2] Heinrich Heine Univ Dusseldorf, Riesner Endowed Professorship Entrepreneurship En, Univ Str 1, D-40225 Dusseldorf, Germany

[3] Univ Alberta, Sch Business, 3-23 Business Bldg, Edmonton, AB T6G 2R6, Canada

来源：

ENTREPRENEURSHIP THEORY AND PRACTICE | 2016年 / 40卷 / 05期

关键词：

D O I：

10.1111/etap.12149

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In mid-2012, Charles Gilman, the founder and sole owner of the custom fixture manufacturer/installation company CustomFittings, was approached by a local competitor, Jack Miller, with an offer to buy his company for $9.5 million. This tangible offer forced Charles to decide what to do with CustomFittings, as he and his wife, Christine Gilman, were approaching retirement age. Although their son, Bill Gilman, was keen on taking over the company, Charles and Christine were depending on the firm to fund their retirement-but Bill did not have enough capital to buy the firm and thus provide them with a suitable retirement sum. While accepting the offer from Jack would put the couple in a comfortable position financially, the move might jeopardize their son's career, their employees' jobs, and the family's legacy and reputation.

引用

页码：1179 / 1190

页数：12

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