000			01311nab a22001217a 4500
008			160615b2000 xxu||||| |||| 00| 0 eng d
100			_aGilding, Michael
245			_aFamily business and family change _cindividual autonomy, democratization, and the new family bus
260			_c2000
300			_a239 - 249
520			_aThe renewed attention to family business in western societies is usually attributed to a past lack of attention to the subject because of its private character and to the resurgence of family business in the context of economic restructuring. This paper argues that there is a third reason for the renewed attention to family business, namely, the changing character of the family institution. In particular, there are broad trends toward the pursuit of individual autonomy and democratization in family relationships. A qualitative study of high-wealth stakeholders in Australian family businesses found that the principles of individual autonomy and democratization presented challenges for family business solidarity and continuity. These challenges gave rise to new family business institutions designed to facilitate communication and trust. These institutions are at the center of the renewed attention to family business in western societies.
773			_aFamily Business Review _dSep
999			_c43632 _d43632