Attributions for Family Business Failure: The Heir's Perspective

Family Business Review - Tập 9 Số 2 - Trang 171-184 - 1996
Karen Maru File1, Russ Alan Prince2
1Department of Marketing, University of Connecticut, Stamford
2Prince & Associates, Stratford, CT

Tóm tắt

Family business studies have focused on succession because of the incidence of family business failure and the importance of family businesses within the US economy. This study furthers the understanding of family business failure by making the distinction between succession planning (the management task of transitioning leadership) and estate planning (the task of transitioning financial assets and managing federal estate tax obligations) and using this distinction to better understand family business discontinuance. This study of 749 heirs of failed family businesses demonstrates that inadequate estate planning is more often associated with family business failure than is poor succession planning.

Từ khóa


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Thông tin
Thông tin xuất bản

Family Business Review

Tập 9 Số 2

171-184

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