The multigenerational survival rate for family-owned businesses is not good. Lack of a shared vision for the family enterprise and weak next-generation leadership are often cited as two of the leading reasons for the failure of family firms to successfully transition from one generation of family ownership to the next. The climate of the business-owning family has also been suggested as importa...

This study seeks to examine the relationship between innovation and knowledge in family versus non-family businesses with regard to performance. Data from 430 small and medium-sized enterprises were analyzed through hierarchical regression analysis, and innovation was found to be a significant factor in both family and non-family samples. However, knowledge in family firms was also found to be ...

Theoretical background: A pandemic shock caused by the COVID-19 virus spread around world, negatively affecting social and economic life in short term. Lockdowns, shutdowns restrictions hit business performance extremely hard. Family businesses, a significant part of sector, are entities focusing generally on continuity, futurity perseverance. Due to their multi-generational perspective, these ...