IDEAS home Printed from https://ideas.repec.org/h/spr/mgmchp/978-3-319-13918-0_1.html
   My bibliography  Save this book chapter

Family Business Around the World

In: Entrepreneurs in Family Business Dynasties

Author

Listed:
  • Laura Hougaz

    (Study Connections)

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.

Suggested Citation

  • Laura Hougaz, 2015. "Family Business Around the World," Management for Professionals, in: Entrepreneurs in Family Business Dynasties, edition 127, chapter 1, pages 1-9, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-319-13918-0_1
    DOI: 10.1007/978-3-319-13918-0_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:mgmchp:978-3-319-13918-0_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.