European Research in Entrepreneurship series
Edited by Alain Fayolle and Paula Kyrö
Chapter 13: Family Business Responsible Ownership: Challenging the Next Generation’s Abilities
Juha Kansikas, Jan Krejci and Alena Hanzelková INTRODUCTION This research focuses on responsibility and ownership among the next generation. In this case, the next generation’s abilities to act, behave and work as responsible owners are analyzed empirically through Hofstede’s cultural theory and theme interviews in four family ﬁrms. The aim of the research is to understand the nature or responsible ownership abilities in family business. The next generation can be seen as a group of people in a family who are not just employees or managers but often also shareholders in a family ﬁrm. The question of the next generation’s abilities is connected to survival and continuity in family business succession (see for instance Venter et al., 2005). Two countries of the European Union, the Czech Republic and Finland, were chosen for the research. The following criteria were used in selecting the countries: 1. The small and medium-sized family enterprises will be compared in the cultures where the number of family enterprises is nationally diﬀerent. The number of family ﬁrms is increasing, but it is still on average low in the Czech Republic (based on estimations, approximately 30 per cent of all registered ﬁrms), while in Finland more than 80 per cent of all Finnish ﬁrms are family enterprises (Family Business Network Finland). The next generation’s abilities regarding responsible ownership in a high-growth economy like the Czech Republic and in a more stable growth country like Finland will be compared. Culturally, two countries were chosen for the research in...
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