No heir apparent? Exploring the workers' co-operative model as a solution to the continuity of family businesses

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dc.contributor.author Murphy, Linda
dc.contributor.author McCarthy, Olive
dc.contributor.author Carroll, Bridget
dc.date.accessioned 2018-02-19T11:52:35Z
dc.date.available 2018-02-19T11:52:35Z
dc.date.issued 2017-12
dc.identifier.citation Murphy, L., McCarthy, O. and Carroll, B. (2017) 'No heir apparent? Exploring the workers' co-operative model as a solution to the continuity of family businesses', Journal of Entrepreneurial and Organizational Diversity, 6 (2), pp. 20-39. doi: 10.5947/jeod.2017.008 en
dc.identifier.volume 6 en
dc.identifier.issued 2 en
dc.identifier.startpage 20 en
dc.identifier.endpage 39 en
dc.identifier.issn 2281-8642
dc.identifier.uri http://hdl.handle.net/10468/5477
dc.identifier.doi 10.5947/jeod.2017.008
dc.description.abstract Family businesses, with no apparent heir, face the risk of discontinuity. While a number of family businesses rely heavily on non-family employees, the role of non-family employees in the continuity of family businesses is under-researched. The workers’ co-operative model offers one way to address this gap as it represents a model whereby non-family employees gain a stake in ownership whilst the family remains involved. In practice, conversion to ensure continuity is actively promoted in a number of countries. In this paper, the authors explore the role of the workers’ co-operative model as one possible solution to succession difficulties facing family firms. Based on the reported experiences in a number of countries, we identify the motivations behind conversion, the barriers faced and the benefits accruing. We find that, in theory, the worker co-operative model merits the attention of family business scholars as a means of securing continuity and survival of family business. We explore the factors that appear to aid or hinder successful conversions in practice and we make recommendations to policy-makers surrounding the supports required to encourage and facilitate successful conversion. en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher European Research Institute on Cooperative and Social Enterprises en
dc.relation.uri http://www.euricse.eu/wp-content/uploads/2018/02/03-Murphy_VF.pdf
dc.rights © 2017 The Authors; EURICSE en
dc.rights.uri https://creativecommons.org/licenses/by/3.0/ en
dc.subject Workers co-operative en
dc.subject Family business en
dc.subject Business succession en
dc.subject Conversion en
dc.subject Continuity en
dc.subject Succession en
dc.title No heir apparent? Exploring the workers' co-operative model as a solution to the continuity of family businesses en
dc.type Article (peer-reviewed) en
dc.internal.authorcontactother Olive McCarthy, Food Business & Development, University College Cork, Cork, Ireland. +353-21-490-3000 Email: o.mccarthy@ucc.ie en
dc.internal.availability Full text available en
dc.date.updated 2018-02-19T11:44:32Z
dc.description.version Published Version en
dc.internal.rssid 399705010
dc.description.status Peer reviewed en
dc.identifier.journaltitle Journal of Entrepreneurial and Organizational Diversity en
dc.internal.copyrightchecked No !!CORA!! en
dc.internal.licenseacceptance Yes en
dc.internal.IRISemailaddress o.mccarthy@ucc.ie en


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© 2017 The Authors; EURICSE Except where otherwise noted, this item's license is described as © 2017 The Authors; EURICSE
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