The Entrepreneurial Role of Families in Transitional Economies: The Case of Lithuania

Olga Stangej () and Rodrigo Basco ()
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Olga Stangej: ISM University of Management and Economics
Rodrigo Basco: The American University of Sharjah

A chapter in Entrepreneurship in Transition Economies, 2017, pp 345-365 from Springer

Abstract: Abstract Family often becomes the backbone of entrepreneurial activities, offering the entrepreneur a pool of physical, financial, human, and social resources. In this context, the successful coexistence of family and firm contributes to regional economic development. Nevertheless, the interwoven cooperation between the family and entrepreneurship cannot be taken for granted. First, families and entrepreneurship are driven by different logics. Second, both the family and entrepreneurship are shaped by the economic, cultural, and political contexts in which they are embedded. Our intention is to explore the phenomenon of the family and entrepreneurship in the specific context of transitional economies as the environment in which families and firms dwell may affect the birth, development, growth, and mortality of the firm. In an attempt to address this topic, we explore the entrepreneurial role of families in transition economies and propose a conceptual framework that has both theoretical and practical implications.

Keywords: Role of families; Entrepreneurial role; Transitional economies; Family entrepreneurship; Family business (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:socchp:978-3-319-57342-7_19

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DOI: 10.1007/978-3-319-57342-7_19

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