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Research shows that family firms are less entrepreneurial, on average, especially after the founder departs. There are notable exceptions, however, and so we build a new theory to explain how these exceptional firms accomplish transgenerational entrepreneurship. Specifically, we conducted...
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We employ agency theory to argue that the effects of family (and founder) ownership versus management will be quite different: the former is expected to contribute positively to performance, the latter is argued to erode performance. Previous studies, due to problems of multicollinearity have...
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The scarce research on the sale of family businesses suggests that business-owning families take different factors into account than non-family owners when evaluating a business sale. This paper builds on a utility-oriented framework and analyses literature to identify the key factors that...
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In the whole area of the Alps, the agro-structural change between 1980-2000 shows a significant decline of the farms (-40%). Alpine Regions with relatively stable situations (Austria, Switzerland) stand against those ones with major structural changes (Italy, Slovenia). The causes for these...
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