Impact of business transfer on economic performance: The case of Italian family farms
Résumé
The impact of business transfer on family business performance is
widely explored in the literature but is neglected for agriculture although family
farms are key players in the economy. We investigate whether the succession
changes the economic performance of family firms for Italian family farms
during the period 2008–2014. Our results show that succession on these family
businesses has a negative effect on their economic performance related to
capital, due to an increase in capital after succession. One policy implication is
that support for investment by new farmers should be improved.
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