Family-owned businesses are the engine that drives the US economy. A recent study found that 77% of new businesses established are family-owned (Åsa Björnberg, 2016). In 2016 there were over 30 million small businesses in the US, of which approximately 20%, or 6 million, were family-owned...

In many countries (Nigeria inclusive), major components of job creation and economic growth, are driven by small and medium-sized businesses that are mostly family-owned. However, over 50% of such businesses fail after intrafamily leadership transition. This chapter seeks to understand and...

The importance of succession in family business is well documented and there is general agreement that successful succession represents a key factor in the success or otherwise of individual businesses owned and run by families. The importance of gender in family business succession is a much...