Abstract
Italy is characterized by a considerable presence of small-, medium-, and even large-sized family businesses. After identifying four types of family businesses, this article analyzes three patterns of development: managerialization, the rise in the number of family partners, and the opening of the capital to nonfamily partners. The article, based on empirical research involving almost seventy Italian enterprises of various sizes, aims at informing an international audience of the state of the art of family businesses in Italy.
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