Attributions for Family Business Failure: The Heir's Perspective
研究了749位失败家族企业的继承人，发现遗产规划不足比糟糕的继承规划更常导致家族企业失败，有助于理解企业终止的原因。
Family business studies have focused on succession because of the incidence of family business failure and the importance of family businesses within the US economy. This study furthers the understanding of family business failure by making the distinction between succession planning (the management task of transitioning leadership) and estate planning (the task of transitioning financial assets and managing federal estate tax obligations) and using this distinction to better understand family business discontinuance. This study of 749 heirs of failed family businesses demonstrates that inadequate estate planning is more often associated with family business failure than is poor succession planning.