Family businesses, have been instrumental in the industrialization
of most countries and remain an important dimension of modern
economies world wide. Yet analyses of international differences in
Western micro- and macroeconomic performance, since the late
nineteenth century, have usually been focused upon the rise and
capabilities of the American-style business corporation. In this
context, while family business has not been without its champions,
these firms were often dismissed as inferior alternatives to
managerial capitalism and the source of economic decline. As a
result they have received, until comparatively recently, less
attention than they deserve. This collection of essays which spans
more than forty years of scholarship on family business is not
confined to the discussion of Western firms. Instead contributions
cover their role, capabilities and performance on four continents
and include the work of leading institutional and development
economists and sociologist as well as business and economic
historians.
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