Die vorliegende Studie untersucht erstmals systematisch die Stimmung von Familienunternehmen in Deutschland, Frankreich, Italien und Spanien. Auf Basis von rund 2000 Interviews mit Führungskräften zeigt sich: 67% der Familienunternehmen blicken langfristig moderat optimistisch in die Zukunft,...

Using unique administrative data that link privately held firm owners to rich background information, we provide novel evidence on underage children as firm owners. Ownership occurs at all ages 0--17, with a mean age of 12. Childhood ownership is strongly concentrated among high-income families,...

Most firms aspire to longevity, yet only a minority survive more than their initial years. Unsurprisingly, then, business survival has long attracted the interest of many academics. The various factors thought to influence business longevity have generated multiple studies on ownership status,...

A growing interest in digitalisation provides continuous support for corporate governance in addressing strategic decision-making under uncertain environments. Although an increasing number of studies provide valuable insights and practical implications, limited research examines specific CEO...

Trotz zunehmendem Interesse an Familienunternehmen ist das Verständnis von Führungs- und Organisationspraktiken, die sich aus dem Zusammenspiel von Familie und Unternehmen ergeben, bislang begrenzt – insbesondere mit Blick auf Dezentralisierung. Mit dem Wandel der Arbeitswelt haben einige...

This study investigates family control and ESG disclosure in the GCC. We challenge Western agency assumptions by examining how internal governance and firm maturity condition this link, testing the Socioemotional Wealth (SEW) model in a patriarchal context.We utilize a balanced panel of listed...

This study investigates whether Corporate Social Responsibility Disclosure (CSRD) serves as a risk-mitigating or cost-inducing signal for firms' market value in an emerging market. Utilising a panel dataset of 120 companies listed on the Tehran Stock Exchange (2015-2023) and employing content...

This study investigates the role of family involvement and succession planning in shaping the long-term sustainability of family businesses in Indonesia, with a specific focus on the mediating effect of transgenerational entrepreneurial orientation (TEO). This research responds to calls for...

This study aims to examine whether family firms differ from nonfamily firms in their propensity to save cash, particularly in response to new investment opportunities, and to assess how investors value the cash holdings of family versus nonfamily firms in light of potential agency concerns. The...

Die vorliegende Studie untersucht erstmals systematisch die Stimmung von Familienunternehmen in Deutschland, Frankreich, Italien und Spanien. Auf Basis von rund 2 000 Interviews mit Führungskräften zeigt sich: 67% der Familienunternehmen blicken langfristig moderat optimistisch in die Zukunft,...

In this article, literature on family offices (FOs) is systematically reviewed to examine how academic research in this field has advanced and to assess the relevance of FOs within family businesses. The main function of an FO is to preserve a family's wealth in the long-term, as well as to...

This study aims to examine how noneconomic goals, specifically those related to socioemotional wealth (SEW), influence the process of selecting strategic partners for collaborative innovation (CI) in family firms. In doing so, it contributes to the literature with a nuanced process view from the...

Der Länderindex Familienunternehmen 2024 vergleicht zum zehnten Mal seit 2006 die Standortbedingungen für Familienunternehmen in den wichtigsten Industrieländern. Konzeptionell orientiert sich der Standortvergleich an den Faktoren, die für die Geschäftsmodelle großer Familienunternehmen...

The paper focuses on the history of an entrepreneurial family, member of the local élite of Verona in between the old typographical regime and the modern publishing industry. It also describes the rise and fall of a family company with large interests in the field of printing, cardboard...

Familienunternehmen haben die deutsche Wirtschaftsgeschichte entscheidend geprägt. Aus ihnen sind Weltkonzerne, wie Bosch, Krupp oder Aldi hervorgegangen, die zum Teil auf eine lange Tradition und wechselvolle Geschichte zurückblicken. Jede Generation hat sie mit ihrem Einfluss und...

Sowohl für die Bewältigung künftiger Umbrüche und Krisen wie auch die Nutzung künftiger Chancen bedarf es neben anderen Faktoren vor allem sachgerechter, unternehmensbezogener Strategien. In Familienunternehmen ist dieses langfristige, generationenübergreifende strategische Denken...

Gemäß der vorliegenden Schätzung stehen im Zeitraum 2026 bis 2030 deutschlandweit etwa 186.000 Unternehmen zur Übergabe an. Damit stagniert die Zahl der Übergaben, trotz der zunehmenden Alterung der Unternehmensinhaberinnen und -inhaber. Ursächlich hierfür ist eine Verschlechterung der...

Family business literature is oriented toward intra-family succession as the preferred way to transfer businesses. However, when it comes to family business sales, neither the family business nor the acquisition literature provides sufficient knowledge about the sales process. This study aims to...

Founders of family firms differ from descendants, particularly in terms of affective attachment, cognitive identification, and social concern. This study examines how these generational differences between founder-led and descendant-led family firms affect corporate social responsibility (CSR)...

Chief executive officer (CEO) succession is a critical event for Small and medium-sized enterprises (SMEs), often leading to significant organizational and strategic changes, uncertainty, and the risk of failure if mishandled. An essential yet underexplored topic is how CEO succession influences...

This study examines how parental leadership, entrepreneurial self-efficacy, and entrepreneurial resilience-viewed through social capital theory-shape intentions around family business succession in Saudi Arabia. It also investigates the moderating role of the presence of older siblings,...

Small businesses, particularly micro-entrepreneurships, are a vital economic engine in many developing nations, providing essential income and employment. This study analyzes the post-shock trajectory of Chilean micro-enterprises through the lens of the digitalization-formality trade-off during...

Gemäß der vorliegenden Schätzung stehen im Zeitraum 2026 bis 2030 deutschlandweit etwa 186.000 Unternehmen zur Übergabe an. Damit stagniert die Zahl der Übergaben, trotz der zunehmenden Alterung der Unternehmensinhaberinnen und -inhaber. Ursächlich hierfür ist eine Verschlechterung der...

Purpose This study empirically assesses the effects of two key types of organizational and managerial capabilities-dynamic capabilities, and coordination and cohesion capabilities-on environmental performance, considering the moderating effect of family ownership. By applying the tenets of the...

Foreign direct investment (FDI) has become a significant source of funding for enterprises, particularly among family businesses in China in recent years. This paper examines the impact of FDI inflow on corporate social responsibility (CSR) through the lens of the spillover effect of FDI and the...

Research on consumer interactions with artificial intelligence (AI)-powered voice assistants (VAs) in ecotourism is limited. Grounded in expectation confirmation theory and the post-acceptance model of information systems (IS) continuance, this study explores how VAs influence family ecotourism...

This study examines the determinants of the capital structure at family-owned businesses in the member countries of the Gulf Cooperation Council (GCC), focusing on internal company characteristics and their impact on leverage decisions. It analyzes panel data on 99 family-owned companies in the...