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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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    Cited by:

    1. 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.
    2. 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.


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