Recent research findings suggest that companies that are successful in transferring ownership and management from one generation to the next are characterized by

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Recent research findings suggest that companies that are successful in transferring ownership and management from one generation to the next are characterized by entrepreneurial behavior. This involves the ability to adapt to changing market conditions, take calculated risks, and innovate within the business. The other options, such as centralized management or diversification, may not necessarily lead to successful intergenerational transfer of ownership and management. Transfer of equal ownership shares among all heirs may also not be feasible or practical depending on the size and complexity of the company.

Recent Research Findings Suggest That Companies That Are Successful in Transferring