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Department of Agricultural, Environmental, and Development Economics


Transferring Your Business to the Next Generation: Dealing with People Problems

What explains the often-observed difficulty of keeping family businesses going beyond two generations? There are the obvious answers of lack of profits, bad luck, the business is too small or too large, and failure to stay current with technology and modern practices. However, there are additional reasons that center on people and the family.

Publication type: 
Policy brief
Date published: 
Sunday, July 1, 2001