Family Businesses in the Basque Country, a Social Asset to Be Preserved for the Development of the Region
Abstract
Family businesses in the Basque Country are of vital importance to the Basque business fabric, representing 84% of said fabric and contributing significantly to employment and added value in the region. These companies, apart from their economic relevance, are characterized by their deep-rooted values, commitment to sustainability and distinctive management. The Basque Country’s Family Business Association (AEFAME) works to highlight their social value by promoting collaboration, developing a favorable ecosystem and designing an active governance. The continuity of these companies is ensured through attention to family governance and fostering entrepreneurial commitment among future generations. Collaboration with academic and governmental institutions is also pivotal to strengthen and sustain this business model embedded in the region, bolstering its sustainable development and contribution to social welfare.
Received 20 July 2023
Accepted: 11 October 2023
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