Social involvement of enterprises, i.e., sharing wealth with those in need, can be spoken only the case owner-managed family firms (FB). These companies account for two-thirds all enterprises global economy; they contribute to stability, development, and continuity existence economies many countries. However, sustainability individual FBs is often threatened. engagement owners preparation succe...

This Special Issue, taking five years to come to fruition, presents the latest research on strategic management in private and family businesses in Asia Pacific regions. Asia Pacific societies have a long history of private and family businesses. For example, a Chinese classic, Records of the Grand Historian (known by its Chinese name Shiji, which was written from 109 BC to 91 BC), includes a c...

The problem of family businesses in Saudi Arabia is noteworthy due to the large scope of family enterprises in Arab countries. Most organizations established in the Arab world are either state-owned or family owned. Many of these companies were formed by forefathering merchant families that dealt in vital ports along the Gulf and Red Sea coastlines. The current study's primary aim was to determ...

Family businesses are critical to the United States economy, employing 63% of the workforce and generating 57% of GDP (University of Vermont, 2014). Family business continuity, however, remains elusive as approximately 70% of family businesses do not survive the second generation (Poza, 2013). In order to augment our understanding of how next generation leaders are chosen in family businesses, ...

Successful intergenerational succession is the key to continuous development of family businesses. To study family business succession, a total of 412 family businesses in Zhejiang province have been investigated. According to the survey data, it can be found that family businesses show several characteristics: Educational levels of family business owners have significantly improve; power trans...