The family firm in industrial capitalism: international perspectives on hypotheses and history.

The historical aspects of family and managerial businesses in the late nineteenth century and early twentieth century in Britain, US, Germany and Japan were examined. It discussed some aspects of family firms concerning ownership, control and management together with motivation and policy guidelines. The theory set forth is that big family firms were the primary contributors to the economic downtrend in the early twentieth century.

The resilience of family firms, which survive even among the largest companies of the major industrial nations, is commonplace. A survey reported in th