Varieties of Family Business

Hartmut Berghoff, Ingo Koehler

The idea of a business owned by a family and passed down from generation to generation sits firmly in our cultural imagination. And family businesses are of central importance in both Germany and in the United States. Still, there are significant differences in the two nations, both in terms of corporate and family cultures as well as in terms of the institutional environment, political clout, and the longevity of companies. Varieties of Family Business analyzes the differences and similarities in the development of family businesses in Germany and the United States from the middle of the nineteenth to the beginning of the twenty-first century. This historical long-term study investigates the causes and effects of the different corporate landscapes. It will be valuable for people interested in family-owned business or in the similarities and differences between American and German business expectations.

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