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Attribution for family business failure
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...
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| Format: | Article |
| Language: | English |
| Published: |
1996
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| LEADER | 01059nab a22001217a 4500 | ||
|---|---|---|---|
| 008 | 160615b1996 xxu||||| |||| 00| 0 eng d | ||
| 100 | |a File, Karen Maru | ||
| 245 | |a Attribution for family business failure |c the heir's perspective / File, Karen Maru. | ||
| 260 | |c 1996 | ||
| 300 | |a 171 - 184 | ||
| 520 | |a 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. | ||
| 773 | |a Family Business Review |d Jun | ||
| 999 | |c 43539 |d 43539 | ||