Context and Uniqueness of Family Businesses

Veland Ramadani () and Frank Hoy ()
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Veland Ramadani: South-East European University
Frank Hoy: Worcester Polytechnic Institute

A chapter in Family Businesses in Transition Economies, 2015, pp 9-37 from Springer

Abstract: Abstract Family businesses represent the majority of companies and are an important source for the generation of jobs in most countries. Longevity is very important for the family businesses and for economies as a whole. Succession is one of the most difficult decisions for the family business, and one of the most important. When business leadership transitions are not well structured they may cause expensive legal issues leading to the sale or eventual loss of the business. This chapter presents a review of some general, but very important issues, related to family businesses.

Keywords: Family businesses; Life-cycle; Succession; Participant in family businesses; Culture (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-14209-8_2

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DOI: 10.1007/978-3-319-14209-8_2

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