Intangible assets and company succession: Are there any differences between buy-in and buy-out initiatives?
2010 (English)In: Identifying, Measuring, and Valuing Knowledge-Based Intangible Assets: New Perspectives, IGI Global, 2010, 64-85 p.Chapter in book (Refereed)
A successful company succession depends on a multitude of different aspects. In the case of external succession, certainly, the available funds represent a critical factor. Nevertheless, it can be argued that the decision to acquire a company is based on other factors as well. This chapter rests upon the hypothesis that a potential external successor will be only interested in those companies offering promising prospects. Thus, it is expected that the decision to takeover a company is rooted in the target firm's inherent intangible assets which justify a financial investment in return. Data are collected through interviews with eight external successors from Germany who pursued buy-in respectively buy-out initiatives in small and medium-sized enterprises. The study's findings highlight those intangible assets that are regarded as critical in the external succession process. This helps us to obtain a more complete picture about the issue of company succession. © 2011, IGI Global.
Place, publisher, year, edition, pages
IGI Global, 2010. 64-85 p.
SMEs, company succession, intangibles
Research subject Humanities and Social sciences
IdentifiersURN: urn:nbn:se:his:diva-10029DOI: 10.4018/978-1-60960-054-9.ch004ISI: 000288748400006ScopusID: 2-s2.0-84899354016ISBN: 978-1-60960-054-9ISBN: 978-1-60960-056-3ISBN: 1-60960-054-1OAI: oai:DiVA.org:his-10029DiVA: diva2:750748