Family Business Around the World

Laura Hougaz
Additional contact information
Laura Hougaz: Study Connections

Chapter 1 in Entrepreneurs in Family Business Dynasties, 2015, pp 1-9 from Springer

Abstract: Abstract Over the last three decades, there has been a growing interest in the contribution of family firms to the local and global economic landscapes. Although statistics are not available, it is generally acknowledged that over two-thirds of businesses around the world are family businesses. Research in family business reveals, however, that only 30 % of these businesses survive into the second generation, with most intergenerational transitions failing after the second generation (only 10–15 % continue into the third generation, and 3–4 % into the fourth generation). There is increasing interest by members of existing family businesses, practitioners and consultants working in this area, as well as researchers, in understanding the issues that underpin the success, or failure, of multigenerational family business. It is widely accepted that family businesses have strong values. Very few studies, however, have focused on this phenomenon, and there are no studies that examine how family business values support its continuation. This chapter presents an overview of issues related to multigenerational family firms, from the establishment of the business, to its continuity across three generations.

Keywords: Family Firm; Family Business; Fourth Generation; Family Ownership; Founding Family (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-319-13918-0_1

Ordering information: This item can be ordered from
http://www.springer.com/9783319139180

DOI: 10.1007/978-3-319-13918-0_1

Access Statistics for this chapter

More chapters in Management for Professionals from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().