The practice of adopting adults, even if one has biological children, makes Japanese family firms unusually competitive. Our nearly population-wide panel of postwar listed nonfinancial firms shows inherited family firms more important in postwar Japan than generally realized, and also performing...

Family firms depend on a succession of capable heirs to stay afloat. If talent and IQ are inherited, this problem is mitigated. If, however, progeny talent and IQ display mean reversion (or worse), family firms are eventually doomed. This is the essence of the critique of family firms in...

Hafizia is the sixth generation business, after a legacy was established by Late Mr. Haji Noor Mohammad, followed by his grandson, Late Mr. Haji Ilahi Baksh. Later, he migrated to Sitapur in 1968. His legacy was followed by the Grandfather then, Late Mr. Haji Asghar Ali and further by Mr. Hafiz...

The practice of adopting adults, even if one has biological children, makes Japanese family firms unusually competitive. Our nearly population-wide panel of postwar listed non-financial firms shows inherited family firms more important in postwar Japan than generally realized, and also...

Most listed firms are freestanding in the U.S, while listed firms in other countries often belong to business groups: lasting structures in which listed firms control other listed firms. Hand-collected historical data illuminate how the present ownership structure of the United States arose: (1)...

PURPOSE: The case aims to deal with transitional entrepreneurship and threats towards survival in a brick kiln family business.DESIGN/METHODOLOGY/APPROACH: This case study is based on exploratory research, individual interviews at different levels.FINDINGS: The competency of the business purely...