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- Title
Rural and Urban Family Business Portfolio Growth: The Role of Entrepreneurial Legacy.
- Authors
Sieger, Philipp; Akhter, Naveed; Chirico, Francesco
- Abstract
Applying an inductive case study approach, we analyze four Pakistani family business portfolios and reveal that rural-based family business portfolios tend to grow internally (organically) and through related diversification. In contrast, urban-based portfolios rather grow externally through acquisitions and partnerships and pursue unrelated diversification. The family's entrepreneurial legacy and how it is transferred to members of the next generation through grooming and imprinting in rural versus urban contexts emerge as a key underlying mechanism.
- Subjects
RURAL families; FAMILY-owned business enterprises
- Publication
Family Business Review, 2023, Vol 36, Issue 4, p375
- ISSN
0894-4865
- Publication type
Article
- DOI
10.1177/08944865231199791