The Family Business

Lorna Collins

Chapter 1 in The Modern Family Business, 2012, pp 3-44 from Palgrave Macmillan

Abstract: Abstract Family businesses are all around us: from local ‘mom-and-pop’ stores and the millions of small and medium-sized companies that underpin many economies to household names such as BMW, Samsung and Wal-Mart Stores. One-third of all companies in the SandP 500 index and 40 per cent of the 250 largest companies in France and Germany are defined as family businesses, meaning that a family owns a significant share and can influence important decisions, particularly the election of the chairman and CEO (Caspar, Dias and Elsdrodt, 2010).

Keywords: Family Firm; Family Business; Succession Process; Family Ownership; Succession Planning (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-00133-7_1

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DOI: 10.1057/9781137001337_1

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