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Family-owned businesses: perspectives on Australian policy

Author

Listed:
  • Linda Glassop
  • Chris Graves

Abstract

In 2008, a report was commissioned by the European Commission (EC) outlining various policy matters in the field of family business within the auspices of the European Union (EU). Family-owned businesses make a significant contribution to Australia's economic and social welfare. The EC report offers a template for examining family business issues relevant to Australia in seven key areas: political awareness, intergenerational business transfer, financial obligations, balancing business and family, lack of specific education, access to finance for growth and maintaining a skilled workforce. We find that Australian family business policy does not differ markedly to that of Europe. Several policy recommendations are outlined to enhance the recognition of, and provide support to, Australian family-owned businesses.

Suggested Citation

  • Linda Glassop & Chris Graves, 2010. "Family-owned businesses: perspectives on Australian policy," International Journal of Management Practice, Inderscience Enterprises Ltd, vol. 4(3), pages 293-305.
    • Handle: RePEc:ids:ijmpra:v:4:y:2010:i:3:p:293-305
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    Cited by:

    1. Basco, Rodrigo & Suwala, Lech, 2021. "Spatial familiness and family spatialities—searching for fertile ground between family business and regional studies," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 7-32.
    2. Rodrigo Basco & Inga BartkeviÄ iÅ«tÄ—, 2016. "Is there any room for family business into European Union 2020 Strategy? Family business and regional public policy," Local Economy, London South Bank University, vol. 31(6), pages 709-732, September.

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