Non-Market-Based Transfers of Wealth and Power: A Research Framework for Family Business
提出以继承为核心的家族企业研究框架，探讨非市场因素驱动的财富与权力转移过程，对研究家族企业治理与传承的学者有参考价值。
Family businesses are basically owner-managed enterprises with the family involved within the business. When, to family ties within the business, is added the biological inevitability of an eventual transfer of power, family succession becomes an alternative to selling the business—a transfer based on non-market considerations. A framework for studying family businesses is proposed which has succession as its anchor. The succession process is where changes in management, in strategy, and in control are planned for and executed. The framework is built upon stages of the family enterprise which emanate from the biological reality of parent and offspring being separated by age and business experience, but wedded together by “blood” and a shared family experience.