Affiliation:
1. Department of Public and Business Administration, University of Cyprus, Nicosia, Cyprus
Abstract
The involvement of and the reasons for the involvement of offspring in their parents' firms can significantly affect the firm's future. In this paper, a conceptual model is presented that explains the decision process through which the most suitable level of involvement for the next generation in the firm may be assessed. The decision process involves four factors: family, business, personal, and market. These factors set the context for managing intergenerational transitions in family firms.
Subject
Finance,Business, Management and Accounting (miscellaneous)
Reference35 articles.
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