Family Businesses in Transition Economies : Management, Succession and Internationalization

This book presents the reader a comprehensive understanding of the development of family business in transitional economies. Throughout eastern Europe, post-Communist countries transitioning to market-based economies are obtaining a variety of results due to diverse policy approaches. Expert contributions in this book draw from a wealth of information in this context and include thought-provoking policy prescriptions for the future. This book concentrates on the challenges to predict the direction emerging markets will take, particularly when dealing with the wide-ranging social and economic situations taking place in post-Communist Eastern Europe. This reference volume for policymakers, educators, investors, and researchers also provides a much-needed and timely survey of family firms in the transitioning markets of post-Communist Europe. Front Matter....Pages i-xxiv Introduction to “Family Business in Transition Economies”....Pages 1-6 Front Matter....Pages 7-7 Context and Uniqueness of Family Businesses....Pages 9-37 Context and Uniqueness of Transition Economies....Pages 39-69 Different Features of Transition Economies: Institutions Matter....Pages 71-96 Front Matter....Pages 97-97 To Be or Not to Be in a Family Business: The Case of Eight Countries in South-Eastern European Region....Pages 99-111 Management Practices in Bulgarian Family and Non-family SMEs: Exploring “Real” Differences....Pages 113-138 Obstacles and Opportunities for Development of Family Businesses: Experiences from Moldova....Pages 139-156 Successors’ Innovativeness as a Crucial Succession Challenge of Family Businesses in Transition Economies: The Case of Slovenia....Pages 157-174 Family Business Succession Risks: The Croatian Context....Pages 175-197 The Succession Issues in Family Firms: Insights from Macedonia....Pages 199-221 Attributes of Financial Management of Family Companies in the Czech Republic and Slovakia....Pages 223-238 Ownership Structure, Cash Constraints and Investment Behaviour in Russian Family Firms....Pages 239-264 Front Matter....Pages 265-265 Family Businesses Motives for Internationalisation: Evidence from Serbia....Pages 267-292 Entering New Markets: Strategies for Internationalization of Family Businesses....Pages 293-303 Family Business in Sport Organizations: Western Experiences as Lessons for Transitional Economies....Pages 305-317 Family Businesses in the Trade Sector: An Examination of a Case Study from Kosovo....Pages 319-329 Back Matter....Pages 331-349