Managing the Liability of Legacy in Family Firms
通过七个案例的纵向数据，研究家族企业中遗产从正面转为负面的情况，揭示决策者应对遗产负担的机制，为家族企业研究者和管理者提供动态管理遗产的见解。
Our study examines legacy liability in family firms. Using longitudinal data from seven case studies, we identify situations where legacies shift from being perceived positively to negatively. We uncover the mechanisms through which family firm decision-makers negotiate legacy liability, such as initiating dialogue, convening a “war cabinet,” and introducing new voices; and mechanisms used to respond to perceived negative legacies, including embracing, de-emphasizing, and partitioning. Our study offers valuable insights for family firm researchers to better understand the dynamic nature of legacy, and provides practical guidance for family firms in managing their inherited—and at times constraining—legacies.