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From Legacy to Strategy

Gustafsson, Axel LU and Andersson Kuhnke, William LU (2024) BUSN09 20241
Department of Business Administration
Abstract
A Family Office (FO) is a privately held investment entity that manages the wealth for one or more families. While contemporary research on the investment sector is plentiful, the FO sector has been largely neglected. This paper examines the role of active ownership in Swedish FOs through a qualitative study. Drawing on semi-structured interviews and written responses from executives in eight Swedish FOs, we investigate their strategies and practices pertaining to active ownership. We utilize two frameworks to contextualize governance relationships in the Swedish FO sector and to categorize FOs based on investment behavior. The latter is revised based on our empirical findings, suggesting a categorization of FOs in our sample based on... (More)
A Family Office (FO) is a privately held investment entity that manages the wealth for one or more families. While contemporary research on the investment sector is plentiful, the FO sector has been largely neglected. This paper examines the role of active ownership in Swedish FOs through a qualitative study. Drawing on semi-structured interviews and written responses from executives in eight Swedish FOs, we investigate their strategies and practices pertaining to active ownership. We utilize two frameworks to contextualize governance relationships in the Swedish FO sector and to categorize FOs based on investment behavior. The latter is revised based on our empirical findings, suggesting a categorization of FOs in our sample based on characteristics pertaining to investment strategies and behavior. By addressing the subject of ownership strategies in Swedish FOs, we highlight the unique governance dynamics and investment behaviors within the FO context, providing valuable insights for both scholars and practitioners in the field of strategic management. Our findings suggest that FOs are generally active owners, prioritizing long-term ownership, utilizing high board engagement and maintaining communication with portfolio companies. We further propose that FOs are influenced by the owning families legacy, which affects decision making and strategy. (Less)
Please use this url to cite or link to this publication:
author
Gustafsson, Axel LU and Andersson Kuhnke, William LU
supervisor
organization
alternative title
A Qualitative Study on Active Ownership in Swedish Family Offices
course
BUSN09 20241
year
type
H1 - Master's Degree (One Year)
subject
language
English
id
9158353
date added to LUP
2024-06-25 16:13:33
date last changed
2024-06-25 16:13:33
@misc{9158353,
  abstract     = {{A Family Office (FO) is a privately held investment entity that manages the wealth for one or more families. While contemporary research on the investment sector is plentiful, the FO sector has been largely neglected. This paper examines the role of active ownership in Swedish FOs through a qualitative study. Drawing on semi-structured interviews and written responses from executives in eight Swedish FOs, we investigate their strategies and practices pertaining to active ownership. We utilize two frameworks to contextualize governance relationships in the Swedish FO sector and to categorize FOs based on investment behavior. The latter is revised based on our empirical findings, suggesting a categorization of FOs in our sample based on characteristics pertaining to investment strategies and behavior. By addressing the subject of ownership strategies in Swedish FOs, we highlight the unique governance dynamics and investment behaviors within the FO context, providing valuable insights for both scholars and practitioners in the field of strategic management. Our findings suggest that FOs are generally active owners, prioritizing long-term ownership, utilizing high board engagement and maintaining communication with portfolio companies. We further propose that FOs are influenced by the owning families legacy, which affects decision making and strategy.}},
  author       = {{Gustafsson, Axel and Andersson Kuhnke, William}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{From Legacy to Strategy}},
  year         = {{2024}},
}