Family Businesses in Transition Economies

1. Front Matter

   Pages i-xxiv

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2. Introduction to “Family Business in Transition Economies”

   • Léo-Paul Dana, Veland Ramadani

   Pages 1-6

3. Introductory Issues

   1. Front Matter

      Pages 7-7

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   2. Context and Uniqueness of Family Businesses

      • Veland Ramadani, Frank Hoy

      Pages 9-37

   3. Context and Uniqueness of Transition Economies

      • Léo-Paul Dana, Veland Ramadani

      Pages 39-69

   4. Different Features of Transition Economies: Institutions Matter

      • Jelena Trivić, Saša Petković

      Pages 71-96

4. Management, Succession and Financial Issues

   1. Front Matter

      Pages 97-97

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   2. To Be or Not to Be in a Family Business: The Case of Eight Countries in South-Eastern European Region

      • Jaka Vadnjal, Predrag Ljubotina

      Pages 99-111

   3. Management Practices in Bulgarian Family and Non-family SMEs: Exploring “Real” Differences

      • Desislava Yordanova, Zhelyu Vladimirov, Ralitsa Simeonova-Ganeva

      Pages 113-138

   4. Obstacles and Opportunities for Development of Family Businesses: Experiences from Moldova

      • Elena Aculai, Natalia Vinogradova, Valentina Veverita

      Pages 139-156

   5. Successors’ Innovativeness as a Crucial Succession Challenge of Family Businesses in Transition Economies: The Case of Slovenia

      • Marina Letonja, Mojca Duh

      Pages 157-174

   6. Family Business Succession Risks: The Croatian Context

      • Iva Senegović, Valerija Bublić, Gordana Ćorić

      Pages 175-197

   7. The Succession Issues in Family Firms: Insights from Macedonia

      • Veland Ramadani, Alain Fayolle, Shqipe Gërguri-Rashiti, Egzona Aliu

      Pages 199-221

   8. Attributes of Financial Management of Family Companies in the Czech Republic and Slovakia

      • Jaroslav Belás, Přemysl Bartoš, Roman Hlawiczka, Mária Hudáková

      Pages 223-238

   9. Ownership Structure, Cash Constraints and Investment Behaviour in Russian Family Firms

      • Tullio Buccellato, Gian Fazio, Yulia Rodionova, Natalia Vershinina

      Pages 239-264

5. Internationalisation and Other Issues

   1. Front Matter

      Pages 265-265

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   2. Family Businesses Motives for Internationalisation: Evidence from Serbia

      • Radmila Grozdanić, Mirjana Radović-Marković

      Pages 267-292

   3. Entering New Markets: Strategies for Internationalization of Family Businesses

      • Gadaf Rexhepi

      Pages 293-303

   4. Family Business in Sport Organizations: Western Experiences as Lessons for Transitional Economies

      • Vanessa Ratten

      Pages 305-317

   5. Family Businesses in the Trade Sector: An Examination of a Case Study from Kosovo

      • Veland Ramadani, Gramos Gashi, Taki Fiti, Betim Humolli

      Pages 319-329

​This book presents the reader a comprehensive understanding of the development of family business in transitional economies. Throughout eastern Europe, post-Communist countries transitioning to market-based economies are obtaining a variety of results due to diverse policy approaches. Expert contributions in this book draw from a wealth of information in this context and include thought-provoking policy prescriptions for the future. This book concentrates on the challenges to predict the direction emerging markets will take, particularly when dealing with the wide-ranging social and economic situations taking place in post-Communist Eastern Europe. This reference volume for policymakers, educators, investors, and researchers also provides a much-needed and timely survey of family firms in the transitioning markets of post-Communist Europe.

• Family business
• Financial constraints
• Networking
• Small and medium-sized enterprises
• Small business
• Succession

• GSCM Montpellier Business School, Montpellier, France

  Léo-Paul Dana

• South-East European University, Tetovo, Macedonia

  Veland Ramadani

Léo-Paul Dana received BA and MBA degrees at McGill University and a PhD from HEC-Montreal. He is Professor of Entrepreneurship at Montpellier Business School and holds the honorary title of Adjunct Professor at the University of Regina, in Canada. He was earned tenure at the University of Canterbury and formerly served as Visiting Professor of Entrepreneurship at INSEAD and Deputy Director of the International Business MBA Programme at Nanyang Business School. He has published extensively in a variety of leading journals including the Cornell Quarterly, Entrepreneurship and Regional Development, Entrepreneurship: Theory and Practice, Journal of Small Business Management, Journal of World Business, and Small Business Economics. His research interests focus on cultural issues, including the internationalization of entrepreneurship. He is Editor Emeritus of the Journal of International Entrepreneurship. Among his books are When Economies Change Hands: A Survey of Entrepreneurship in the Emerging Markets of Europe from the Balkans to the Baltic States, published by Routledge in 2010 and the World Encyclopedia of Entrepreneurship, released in 2011.

Veland Ramadani is an Assistant Professor at South-East European University, Republic of Macedonia, where he teaches both undergraduate andpostgraduate courses in entrepreneurship and small business management. During the period 2012- 2014, he served as Coordinator of Integrated Study Programme Department: Contemporary Enterprise Management, within South-East European University. He formerly served as Visiting Professor of Entrepreneurship at Universum College and AAB University, Republic of Kosovo. His research interests include entrepreneurship, small business management and venture capital investments. He authored or co-authored around forty-five research articles and ten books. Among his recent books are Entrepreneurship in the Balkans, published by Springer, Entrepreneurship, published by South-East European University and Female entrepreneurship in transitional economies: Trends and challenges, published by Palgrave Macmillan. Veland also serves as a member of editorial and reviewer board of several international journals. He was engaged by the President of Republic of Macedonia as a member of experts’ committee to analyse the economical, technological and juridical conditions for establishing techno-parks in the Republic of Macedonia. He has also delivered different trainings to the heads of departments in the Ministry of Economy of Macedonia.

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