Theoretical Foundations for Family-Owned Business: A Conceptual and Research-Based Paradigm

Abstract

As a field of study, family-owned business has lacked a coherent comprehensive framework. Currently the field is based largely on the succession literature, where the number of conceptual and empirical studies has doubled in the past five years. By using a conceptual and research-based typology for the field, the conceptual and empirical studies can be evaluated. Based upon the typology, potential studies and questions have been suggested for future research.