Issue 3 (72)
| THE DEMIDOVS ON THE WAY TO AN INDUSTRIAL DYNASTY: STRATEGIES FOR ENSURING THE CONTINUITY OF THE FAMILY BUSINESS | |||
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| Year | 2021 | Number | 3(72) |
| Pages | 81-90 | Type | scientific article |
| UDC | 94(470.5)“17” | BBK | 63.3(235.55)5 |
| Authors | Yurkin Igor N. |
Topic | ENTREPRENEURSHIP IN THE HISTORY OF RUSSIA: THE PROBLEM OF CONTINUITY |
| Summary | On the example of representatives of the first two generations of the Demidov family, the paper shows how one of the most successful entrepreneurial dynasties of the first half of the 18th century ensured the succession of development of the family business. The strategies of its transmission by inheritance are traced in detail. The legacy of Nikita Demidov, the dynasty’s founder, was divided according to the “Law on single inheritance” (1714): the transfer of property was conflict free, but gave rise to hidden grievances that influenced the further relations of the heirs. The division of the inheritance of the middle son, Grigory Demidov, who was murdered in 1728 and did not determine his heir, also gave rise to a long-term enmity among family members. Akinfiy Demidov’s choice of a successor with careful preparation for the transfer of the undivided industrial economy to him also turned out to be unsuccessful, since most of the heirs were not satisfied. It was only the youngest son, Nikita Nikitich, who managed to carry out the operation of transferring property rights in such a way that this transfer could be considered “equalizing”, “amicable” and therefore “sinless”. The author claims that the circumstances and forms of ownership transfer by each member of the clan influenced the strategies chosen by the other members. With this in mind, the implementation by N. N. Demidov of the option, which ensured the conflict-free transfer of the family business, is regarded as a result of taking into account the mistakes and failures of his predecessors. The influence of external factors on these processes, in particular, changes in legislation regulating the field of family law, and transformations associated with a change in the estate status of actors, is also noted. | ||
| Keywords | Demidovs, history of metallurgy, continuity of the family business, law on single inheritance, inheritance law, family law | ||
| References |
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