This contribution addresses the substantial tax privilege for businesses introduced by the German Inheritance Tax Act 2009. Advocates of the vast or even entire tax exemption for businesses stress the potential damage of the inheritance tax on businesses, as those often lack liquidity to meet...

Background: Economy, business, and entrepreneurship are related to the world of men. Home, nurturing, and the family belong to women's world, so the story goes. On the other hand, family entrepreneurship and its outcome, the family business, is probably the most traditional way of conducting...

Spin-offs refer to the creation of new firms by employees breaking off from existing firms to give birth to companies of their own. However, this phenomenon has not been predominantly observed in the context of family businesses. Employment in the family firm creates an expectation that family...

The paper examines family business foundations as connectors between the firm and the family from which they originate, adopting a coevolution approach that considers family and business as two subsystems which coevolve in creating a different species, the family business. Foundations are seen...

This research presents an examination of familial influence on strategic entrepreneurial behaviors within a transitional economic context. Utilizing a large sample of women-led family businesses, the study investigates the relationships between risk-taking propensity, entrepreneurial intensity,...

This paper discusses the findings from a pilot study which forms part of a larger, on-going study considering the nature of family dynamics in ethnic minority-owned family businesses based in the UK. The paper explains the cultural theoretical framework for the study and highlights some of the...

Small businesses had nearly $1.25 trillion in loans outstanding from commercial lenders, business finance companies, other businesses in the form of trade credit, and friends and relatives in the early 1990s (Ou, 1991). Based on recent information derived from the National Survey on Small...

The present work represents an analysis of the different strengths and weaknesses that can be considered as key factors in making easier or more difficult the internationalisation process of the family firm. In one hand, based to the resources and capabilities theory, we show how family...

Drawing on data obtained from 765 small and medium sized enterprises, this paper explores the extent to which family ownership influences firm's strategic orientation. Through a cluster analysis, different groups of organizations were identified, defined by the strategic development of their...

Research into the internationalisation strategies of family businesses is plagued by the excessive use of many and varied concepts to define these companies, and often leads to diverse and disparate results. The conceptual spectrum used by researchers is very broad, ranging from the simplest...