Università della Svizzera italiana

A farewell to the business : Championing exit and continuity in entrepreneurial family firms

Salvato, Carlo ; Chirico, Francesco ; Sharma, Pramodita

In: Entrepreneurship & regional development: an international journal, 2010, vol. 22, no. 3-4, p. 321-348

What factors influence exit from the founder's business and subsequent entrepreneurial renewal in a generational family firm? Guided by this research question, we trace the development of the Italian Falck Group from its inception as a steel company in 1906 – ascension as the largest privately owned steel producer in Italy – losses in the 1970s and 1980s leading to business exit from steel...