Family Business Review
Scope & Guideline
Exploring the Dynamics of Family Enterprises
Introduction
Aims and Scopes
- Socioemotional Wealth:
The journal emphasizes the concept of socioemotional wealth, exploring how family firms prioritize emotional and relational factors over purely financial outcomes in their strategic decisions. - Multilevel and Interdisciplinary Approaches:
Research often adopts multilevel frameworks, integrating perspectives from psychology, sociology, and management to address complex issues faced by family businesses. - Governance and Succession Planning:
There is a consistent focus on governance structures, succession planning, and the unique challenges related to leadership transitions within family firms. - Impact of Family Dynamics:
The journal investigates how family relationships, dynamics, and values influence business performance, decision-making, and firm resilience. - Legacy and Heritage:
A significant area of research focuses on the role of legacy, family history, and traditions in shaping the strategic direction and identity of family businesses.
Trending and Emerging
- Mental Health and Wellbeing:
Increasing attention is being paid to the mental health of family members and its impact on business dynamics, highlighting the importance of emotional wellbeing in family business contexts. - Dysfunctional Behavior and Resilience:
Recent studies have begun to explore dysfunctional behaviors within family firms and the resilience strategies employed to overcome such challenges, indicating a shift towards understanding adverse effects. - Accountability and Leadership Dynamics:
The role of leadership, particularly the accountability of family versus non-family CEOs, is gaining traction, emphasizing the nuances in governance and performance expectations. - Socioemotional Wealth in Decision-Making:
A growing body of work is examining how socioemotional wealth influences various decisions within family firms, particularly in contexts like acquisitions and strategic changes. - Microfoundations of Family Firm Behavior:
There is an emerging focus on the microfoundational aspects of family business behavior, looking at individual and family-level influences on firm performance and strategy.
Declining or Waning
- International Expansion Strategies:
Research on international growth strategies specific to family firms has seen a decline, possibly due to a shift towards more localized studies that emphasize socioemotional wealth over globalization. - Environmental Performance:
Although previously a topic of interest, studies specifically linking family firms to environmental performance metrics have become less frequent as the journal pivots towards more psychological and relational aspects. - Social Enterprise Intersection:
The integration of family business literature with social enterprise concepts appears to be decreasing, suggesting a narrowing of focus back to traditional family business studies. - Gender Roles in Family Firms:
While gender dynamics remain relevant, the specific exploration of gender roles within family business contexts has seen a reduction, indicating a potential need for renewed focus in future research. - Historical Perspectives:
Research utilizing historical frameworks to analyze family businesses has diminished, suggesting a trend towards contemporary issues rather than historical analysis.
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