Family business research: Reviewing the past, contemplating the future
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REVIEW
Family business research: Reviewing the past, contemplating the future George Haynes1 · Maria Marshall2 · Yoon Lee3 · Virginia Zuiker4 · Cynthia R. Jasper5 · Sandra Sydnor2 · Corinne Valdivia6 · Diane Masuo7 · Linda Niehm8 · Renee Wiatt2 Accepted: 15 October 2020 © Springer Science+Business Media, LLC, part of Springer Nature 2020
Abstract This paper reviews articles published in the Journal of Family and Economic Issues (JFEI) from 2010 to 2019 and considers future research opportunities. The JFEI articles utilize theories and conceptual frameworks from several social science fields, to help readers understand the importance of including both the family and business in any discussion of family businesses. The literature review addresses four family business topical areas: (1) household and business economics, (2) business continuity and succession, (3) managerial and adoption strategies, and (4) values and goals. These JFEI articles have focused on differentiating family businesses from other types of businesses; explaining the unique interface between the family and the business; and identifying the characteristics (i.e., demographics, adjustment strategies, continuity, capitals, and values and goals) for family business survival and success. In the future, family business researchers have the opportunity to better understand the impact of community resources and climate; more carefully assess the challenges of women, minorities, and immigrants; understand the role of cultural capital; and explore the impact of innovation during rapidly changing times, such as those created by the pandemic. Keywords Family business · Survival · Success · Succession · Adoption strategies · Value orientation · Goals
Introduction
This is one of several papers published together in Journal of Family and Economic Issues on the “Special Issue on Virtual Decade in Review”.
This literature review addresses two important questions about family business research: (1) what did we learn from the Journal of Family and Economic Issues (JFEI) articles
* George Haynes [email protected]
Linda Niehm [email protected]
Maria Marshall [email protected]
Renee Wiatt [email protected]
Yoon Lee [email protected]
1
Montana State University, Bozeman, MT, USA
Virginia Zuiker [email protected]
2
Purdue University, West Lafayette, IN, USA
3
Utah State University, Logan, UT, USA
4
University of Minnesota, Minneapolis, MN, USA
5
Sandra Sydnor [email protected]
University of Wisconsin, Madison, WI, USA
6
University of Missouri, Columbia, MO, USA
Corinne Valdivia [email protected]
7
University of Hawaii, Honololo, HI, USA
8
Iowa State University, Ames, IA, USA
Cynthia R. Jasper [email protected]
Diane Masuo [email protected]
13
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published over the past decade; and (2) where do we go from here. The JFEI articles have helped readers better understand family businesses by differentiating them from other types of businesses; explaining the unique interface b
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