The [Re]-Emergence of Family Businesses in the Transforming Soviet Bloc: Family Contributions to Entrepreneurship Development in Romania

Abstract

Through an intensive investigation of Romania, this study investigates various aspects of family businesses in the transforming Soviet Bloc. The study explores the relationships between entrepreneurship, family, and enterprise development. The objective of the paper is to probe societal elements impacting entrepreneurship, and to identify the level of family participation in the transforming economy of Romania. We find that family plays an important role in at least two ways: direct support of the business, and through the development of social, community, and economic networks.