D2 Article in a professional compilation book
Widowhood
Authors: Heinonen Jarna
Editors: Howorth Carole, Discua Cruz Allan
Publisher: Edward Elgar
Publication year: 2024
Book title : Elgar Encyclopedia of Family Business
Series title: Elgar Encyclopedias in Business and Management
First page : 454
Last page: 457
Number of pages: 4
ISBN: 978-1-80088-871-5
eISBN: 978-1-80088-872-2
DOI: https://doi.org/10.4337/9781800888722.ch114(external)
Web address : https://doi.org/10.4337/9781800888722(external)
Widows are core actors in a family business succession after the death of a family business leader as a widow/widower – a person who has lost one’s spouse by death and has not remarried – oftentimes becomes a (part)-owner of the family assets and business. The entry on widowhood discusses how (female) widows shape the continuation of the family business and what business roles widows assume after the death of their husband and the family business leader. The decisions made and the roles taken on by a widow define whether and how the family business will continue. Despite of the grief caused by the loss, widowhood may also be a new opportunity for the widow to become visibly involved in business activities. The entry, thus, argues that it is not only a question of the future of the family business but also of the family and the widow herself.