Dynamic Ownership in Family Business System – A Portfolio Business Approach
Rautiainen, Marita (2012-11-02)
Väitöskirja
Rautiainen, Marita
02.11.2012
Lappeenranta University of Technology
Acta Universitatis Lappeenrantaensis
Julkaisun pysyvä osoite on
https://urn.fi/URN:ISBN:978-952-265-293-5
https://urn.fi/URN:ISBN:978-952-265-293-5
Tiivistelmä
Family businesses are among the longest-lived most prevalent institutions in the world
and they are an important source of economic development and growth. Ownership is a key to
the business life of the firm and also one main key in family business definition. There is only
a little portfolio entrepreneurship or portfolio business research within family business
context. The absence of empirical evidence on the long-term relationship between family
ownership and portfolio development presents an important gap in the family business
literature. This study deals with the family business ownership changes and the development
of portfolios in the family business and it is positioned in to the conversation of family
business, growth, ownership, management and strategy. This study contributes and expands
the existing body of theory on family business and ownership.
From the theoretical point of view this study combines insights from the fields of
portfolio entrepreneurship, ownership, and family business and integrate them. This crossfertilization
produces interesting empirical and theoretical findings that can constitute a basis
for solid contributions to the understanding of ownership dynamics and portfolio
entrepreneurship in family firms.
The research strategy chosen for this study represents longitudinal, qualitative,
hermeneutic, and deductive approaches.The empirical part of study is using a case study
approach with embedded design, that is, multiple levels of analysis within a single study. The
study consists of two cases and it begins with a pilot case which will form a preunderstanding
on the phenomenon. Pilot case develops the methodology approach to build in
the main case and the main case will deepen the understanding of the phenomenon.
This study develops and tests a research method of family business portfolio
development focusing on investigating how ownership changes are influencing to the family
business structures over time. This study reveals the linkages between dimensions of
ownership and how they give rise to portfolio business development within the context of the
family business. The empirical results of the study suggest that family business ownership is
dynamic and owners are using ownership as a tool for creating business portfolios.
and they are an important source of economic development and growth. Ownership is a key to
the business life of the firm and also one main key in family business definition. There is only
a little portfolio entrepreneurship or portfolio business research within family business
context. The absence of empirical evidence on the long-term relationship between family
ownership and portfolio development presents an important gap in the family business
literature. This study deals with the family business ownership changes and the development
of portfolios in the family business and it is positioned in to the conversation of family
business, growth, ownership, management and strategy. This study contributes and expands
the existing body of theory on family business and ownership.
From the theoretical point of view this study combines insights from the fields of
portfolio entrepreneurship, ownership, and family business and integrate them. This crossfertilization
produces interesting empirical and theoretical findings that can constitute a basis
for solid contributions to the understanding of ownership dynamics and portfolio
entrepreneurship in family firms.
The research strategy chosen for this study represents longitudinal, qualitative,
hermeneutic, and deductive approaches.The empirical part of study is using a case study
approach with embedded design, that is, multiple levels of analysis within a single study. The
study consists of two cases and it begins with a pilot case which will form a preunderstanding
on the phenomenon. Pilot case develops the methodology approach to build in
the main case and the main case will deepen the understanding of the phenomenon.
This study develops and tests a research method of family business portfolio
development focusing on investigating how ownership changes are influencing to the family
business structures over time. This study reveals the linkages between dimensions of
ownership and how they give rise to portfolio business development within the context of the
family business. The empirical results of the study suggest that family business ownership is
dynamic and owners are using ownership as a tool for creating business portfolios.
Kokoelmat
- Väitöskirjat [1036]