Inheritance of Family Companies as an Element of Intergenerational Businesses in Bosnia and Herzegovina, Bulgaria, Poland, Romania and Uzbekistan
Abstract
The inheritance of family businesses is a problem that many entrepreneurs face at the end of their successful activity. The goal of this article is to analyze some preconditions for the successful inheritance of family companies from one generation to another on the basis of two factors: the positive intra-family attitude towards the inheritance of family businesses and the existence of national regulatory frameworks to regulate the inheritance. The objectives are: (1) to present basic legal documents from Bosnia and Herzegovina, Bulgaria, Poland, Romania and Uzbekistan regulating the inheritance of family businesses, and (2) to present a comparative study on student responses from these countries as regards their intentions of having joint businesses with their relatives. The data has been collected by each co-author for the related country within the international academic network of INTERGEN in 2021 and 2023. The target groups were students and alumni from universities in Bosnia and Herzegovina, Bulgaria, Poland, Romania and Uzbekistan; the number of respondents is 2496.