Family cohesion as a longevity factor of business with intergenerational transmission
View/ Open
Metadata
Show full item recordPalabras clave
family businessintergenerational trasmisssion
family cohesion
business longevity
Publication date
2014-12Abstract
This article contributes to a line of research in Business History that aims to determine the factors of family business longevity in the long term with the study of individual cases. The literature has identified family cohesion as one of the essential factors for survival. Cohesion may be reinforced or broken at the time of the intergenerational transfer. This study finds that a critical response on the part of the business family to the difficulties associated with intergenerational transfer of control, including modifications to the original plan, is usually based on trust between generations. Within the business family cohesion facilitates intergenerational transfers and, consequently, allows the family to evolve and transform itself into a business dynasty.