While progress has been made in recent years to understand the differences among family
firms, insights remain fragmented due, in part, to an incomplete understanding of …

We use a social exchange perspective to review family firm succession literature owing to its
fit with the multiphase, multistakeholder nature of the process. We searched the history of 34 …

Within this short commentary, we explore the notion of pivoting; following major exogenous
shocks, firms often contemplate business model pivoting where they change product or …

Through its rapid growth during the past decade, family business research has reached its
adolescence as a field of study, and family business scholars now regularly contribute …

The universe of family firms is heterogeneous, and findings gleaned from publicly listed firms
may not apply to the ubiquitous, but less frequently studied, privately held family firm (PFF) …

The authors survey arguments that family firms should behave more like nonfamily firms and
“professionalize.” Despite the apparent advantages of this transition, many family firms fail to …

Family firms are one of the most ubiquitous forms of business organizations worldwide. Their
survival and growth are thus not only crucial for the firms themselves but also for the overall …

We reason that the intra-family leadership succession phase has distinct characteristics that
render it a peculiar time frame for innovation. However, the incumbent owner-manager's …

The demographic and essence approaches have emerged as two separate streams to
tackle the issue of how the family affects family firm performance. However, this debate is still …

Competent research methods and data analysis are essential components for the
progression of family business research. To identify and evaluate empirical trends, and …