A series of characteristics affects the willingness of a family business to change and renew. Both change and renewal are necessary to maintain the continuity of the company in the long term in order for it to be handed down to the following generation. Approaches to the identification of...

Family businesses have a remarkable role in the world economy; their role in economies has been investigated by many researchers. This paper seeks to study the findings of research conducted over 2008-2011 in Estonia in the field of family businesses and family business entrepreneurs. This...

Family enterprise is a business entity that belongs to the family. In Estonia the concept of family business, family entrepreneur, or family enterprise has not been defined in legislation. The concepts of business and enterprise have been defined in several pieces of law with some dissensions in...

This paper seeks to identify differences between family enterprises and non-family enterprises. The concepts of entrepreneurship, entrepreneur and enterprise/business are clarified. The paper contains the results of research conducted by the author among family entrepreneurs in 2007-2012 that...

Family enterprises have been researched in traditional, stable market economies, to a lesser extent also in former socialist economies. A special focus has been on family enterprises’ sustainability and it has been discovered that one of the main pain spots is the change of generation related...