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Context and Uniqueness of Family Businesses

In: Family Businesses in Transition Economies


  • Veland Ramadani

    (South-East European University)

  • Frank Hoy

    (Worcester Polytechnic Institute)


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.

Suggested Citation

  • Veland Ramadani & Frank Hoy, 2015. "Context and Uniqueness of Family Businesses," Springer Books, in: Léo-Paul Dana & Veland Ramadani (ed.), Family Businesses in Transition Economies, edition 127, pages 9-37, Springer.
  • Handle: RePEc:spr:sprchp:978-3-319-14209-8_2
    DOI: 10.1007/978-3-319-14209-8_2

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    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Myriam Cano-Rubio & Guadalupe Fuentes-Lombardo & Valeriano Sanchez-Famoso, 2021. "Family involvement as influencer on family firm’s growth [L’influence de l’implication familière sur la croissance patronale]," Journal of International Entrepreneurship, Springer, vol. 19(4), pages 510-537, December.
    2. Akinbola Amos Olufemi & Alaka Nureni Sanusi & Kowo Solomon Akpoviroro & Adeyemo Adesola Alex, 2020. "Family Business Operations and Sequel of Internationalisation in Nigeria," Economics and Business, Sciendo, vol. 34(1), pages 126-138, February.
    3. , Aisdl, 2018. "Special Issue on Family Entrepreneurship in Transition and Emerging Economies," OSF Preprints bj4zg, Center for Open Science.
    4. Welsh, Dianne H.B. & Botero, Isabel C. & Kaciak, Eugene & Kopaničová, Janka, 2021. "Family emotional support in the transformation of women entrepreneurs," Journal of Business Research, Elsevier, vol. 137(C), pages 444-451.
    5. Francesca Culasso & Elisa Giacosa & Luca Maria Manzi & Leo-Paul Dana, 2018. "Professionalization in Family Businesses. How to strengthen strategy implementation and control, favouring succession," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2018(1), pages 45-71.
    6. Kaciak, Eugene & Welsh, Dianne H.B., 2020. "Women entrepreneurs and work–life interface: The impact of sustainable economies on success," Journal of Business Research, Elsevier, vol. 112(C), pages 281-290.
    7. Dianne H. B. Welsh & Eugene Kaciak & Silvana Trimi & Emerson Wagner Mainardes, 2018. "Women Entrepreneurs and Family Firm Heterogeneity: Evidence from an Emerging Economy," Group Decision and Negotiation, Springer, vol. 27(3), pages 445-465, June.
    8. Abdullah Promise Opute & Kalu Ibe Kalu & Ogechi Adeola & Chux Gervase Iwu, 2021. "Steering Sustainable Economic Growth: Entrepreneurial Ecosystem Approach," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 7(2), pages 216-245, July.
    9. , Aisdl, 2018. "Special Issue on Family Entrepreneurship in Transition and Emerging Economies," OSF Preprints gc7v8, Center for Open Science.
    10. Aurelia Bielawska, 2021. "Social Involvement of Polish Family Businesses," Sustainability, MDPI, vol. 13(17), pages 1-19, August.
    11. Michela Floris & Angela Dettori & Cinzia Dessi, 2021. "Handling Innovation in Small Family Firms: The Role of Context," International Journal of Business and Management, Canadian Center of Science and Education, vol. 15(5), pages 1-60, July.
    12. Veland Ramadani & Léo-Paul Dana & Nora Sadiku-Dushi & Vanessa Ratten & Dianne H. B. Welsh, 2017. "Decision-Making Challenges of Women Entrepreneurship in Family Business Succession Process," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 25(04), pages 411-439, December.
    13. Edobor, Edeoba W. & Wiatt, Renee D. & Marshall, Maria I., 2021. "Keeping the farm business in the family: the case of farm and non-farm family businesses in the midwestern United States," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 24(6), February.


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