ROLE OF FAMILY TIES IN THE CONTEXT OF SUCCSESSION OF FAMILY FIRMS
Journal Title: Zeszyty Naukowe Wyższej Szkoły Humanitas Zarządzanie - Year 2015, Vol 16, Issue 3
Abstract
The issue of ownership in family businesses is based on the placement of the owner¬ship and management of a company in the hands of a narrow group of people. Succession in these companies usually takes the form of a transfer of the management and ownership of the company to the younger generation by the older generation. In family businesses, the relationships between family members play an important role, as they may be essential for the functioning of a given company in economical, economic and legal issues. The purpose of this article is to define the role of family ties in the context of succession of family businesses. For the purpose of this study, a thesis was proposed, which states that the main determinant of succession is family ties, whose basis is the desire to transfer the ownership and management of the family business to the youn¬ger generation. The analysis of the literature has confirmed this thesis. The elaboration consists of three parts introducing the issue. For the purposes of the conducted source analysis, the focus was on such issues as family entrepreneurship and family businesses, family ties in business, as well as succession of family businesses.
Authors and Affiliations
Łukasz Niemczal
Keywords
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