RESEARCH
The Generational Wealth Institute Working Paper Series presents research in development on ownership, founder decision-making, enterprise development, business transitions, governance, and related areas of Strategy & Entrepreneurship.
Working papers are shared to advance scholarly discussion and may be revised as research develops. Where available, stable SSRN records and DOI information are provided.
2026
GWI-WP-2026-001
Ownership Decisions as High-Consequence Strategic Choice
Toward a Behavioral Theory of Founder-Owner Decision-Making
Paschal Ukwu
August 2026 · Version 1.0 · Working Paper
This conceptual paper develops ownership decisions as a distinct class of high-consequence strategic choice and proposes a behavioral theory of founder-owner decision-making involving control, capital exposure, founder dependence, strategic optionality, and organizational transition.
