Hier finden Sie wissenschaftliche Publikationen aus den Fraunhofer-Instituten.

Family business governance for ensuring a qualified management succession in a family business – how to cope with the increasing amount of management successions in German family businesses

: Weissenberger-Eibl, Marion A.; Spieth, Patrick


International journal of behavioural accounting and finance : IJBAF 1 (2008), Nr.1, S.38-50
ISSN: 1753-1969
ISSN: 1753-1977
Fraunhofer ISI ()
Family business; Company succession; Corporate governance; Management successions; German governance code; Germany; Business succession planning

Family businesses are the fundamental basis of the German medium-sized enterprises. Business succession planning, i.e., transfer of management functions and ownership to one or more family members, gained a significant importance over the last few years. This article aims to analyse the characteristics of the family business succession planning, underlines the significance of family business govemance for ensuring the qualified management succession and gives suggestions on how to implement the German Govemance Code recommendations in family businesses.