UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 5 Issue 11
November-2018
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR1811A72


Registration ID:
192521

Page Number

591-595

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Title

FINANCIAL CHARACTERISTICS OF FAMILY BUSINESSES AND FINANCIAL ASPECTS OF SUCCESSION

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Abstract

Family businesses are special in many respects. By examining their financial characteristics one can come to unique conclusions/results. This paper explores the general characteristics of the financial behavior of family businesses, presents the main findings of the INSIST project’s company case studies concerning financing issues and strategies, and intends to identify the financial characteristics of company succession. The whole existence of family businesses is characterized by a duality of the family and business dimensions and this remains the case in their financial affairs. The financial decisions in family businesses (especially SMEs) are affected by aspects involving a duality of goals rather than exclusively profitability, the simul-taneous presence of family and business financial needs, and the preferential handling of family needs at the expense of business needs (although it has to be said that there is evidence of family investments being postponed for the sake of business, too.

Key Words

family business, family business finances, succession, bootstrapping, trust

Cite This Article

"FINANCIAL CHARACTERISTICS OF FAMILY BUSINESSES AND FINANCIAL ASPECTS OF SUCCESSION", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 11, page no.591-595, November-2018, Available :http://www.jetir.org/papers/JETIR1811A72.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"FINANCIAL CHARACTERISTICS OF FAMILY BUSINESSES AND FINANCIAL ASPECTS OF SUCCESSION", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 11, page no. pp591-595, November-2018, Available at : http://www.jetir.org/papers/JETIR1811A72.pdf

Publication Details

Published Paper ID: JETIR1811A72
Registration ID: 192521
Published In: Volume 5 | Issue 11 | Year November-2018
DOI (Digital Object Identifier):
Page No: 591-595
Country: -, -, -- .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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