Management Controlling and Governance of Family Businesses Theor
This book addresses a selection of major topics in family businesses, namely ‘managerialization’ and ‘professionalization’, succession, internationalization, access to financial markets, and how governance and control systems can help family firms respond
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Antonio Leotta Editor
Management Controlling and Governance of Family Businesses Theoretical Insights and Empirical Evidence from Italy
Contributions to Management Science
The series Contributions to Management Science contains research publications in all fields of business and management science. These publications are primarily monographs and multiple author works containing new research results, and also feature selected conference-based publications are also considered. The focus of the series lies in presenting the development of latest theoretical and empirical research across different viewpoints. This book series is indexed in Scopus.
More information about this series at http://www.springer.com/series/1505
Antonio Leotta Editor
Management Controlling and Governance of Family Businesses Theoretical Insights and Empirical Evidence from Italy
123
Editor Antonio Leotta Department of Economics and Business University of Catania Catania, Italy
ISSN 1431-1941 ISSN 2197-716X (electronic) Contributions to Management Science ISBN 978-3-030-47740-0 ISBN 978-3-030-47741-7 (eBook) https://doi.org/10.1007/978-3-030-47741-7 © Springer Nature Switzerland AG 2020 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Dedicated to our families
Contents
Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Antonio Leotta
1
Governing Family Business Challenges. Theoretical Insights An Overview of Family Business. Profiles, Definitions and the Main Challenges of the Business Life Cycle . . . . . . . . . . . . . . . . . . . . . . . . . . . Antonio Leotta, Carmela Rizza, and Daniela Ruggeri
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Professionalization and Managerialization in Family F
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