La naturaleza de la empresa familiar y su continuidad
- de la Torre García, Alberto Enrique
- Juanes Luis, Rosalía
ISSN: 0006-6249
Year of publication: 2002
Issue Title: Empresa familiar
Volume: 57
Issue: 177
Pages: 451-466
Type: Article
More publications in: Boletín de estudios económicos
Abstract
Family business represents the core of their environment; economic and social development are intimately linked to its birth, evolution and continuity: they conform in terms of productivity, economic magnitudes and employment, as well as significantly contributing to maintaining social cohesion. The authors are not talking here merely of small and medium-sized business: 20% of Spain's 1000 largest companies are family business. However, their longevity indices are low and their disappearance rates are high. This article reviews the nature of family business and examines the fundamental problems that arise in relation to its continuity, illustrating basis concepts considered in this process of succession.