Rights statement: This is the author’s version of a work that was accepted for publication in Journal of Family Business Strategy. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Family Business Strategy, 12, 1, 2021 DOI: 10.1016/j.jfbs.2020.100390
Accepted author manuscript, 1.11 MB, PDF document
Available under license: CC BY-NC-ND
Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
| Article number | 100390 |
|---|---|
| <mark>Journal publication date</mark> | 31/03/2021 |
| <mark>Journal</mark> | Journal of Family Business Strategy |
| Issue number | 1 |
| Volume | 12 |
| Number of pages | 19 |
| Publication Status | Published |
| Early online date | 25/01/21 |
| <mark>Original language</mark> | English |
This article offers a socio-historical view of how families make a living and contribute to business formation. We review the history of family changes that occurred over the last several hundred years in developed nations – decline of the corporate family, increasing occupational opportunities for women, decline of multigenerational families, growing proportion of never-married and childless adults – and suggest the family embeddedness perspective as an approach for superseding outdated conceptualizations of “families” in family business studies. We outline the genesis of the family embeddedness perspective on entrepreneurship and perform a systematic analysis of the literature that has cited the seminal piece by Aldrich and Cliff (2003). We show how this perspective has been used in entrepreneurship and family business research, highlighting a variety of opportunities made possible by placing “families” at the core of future research. Finally, we offer empirical and theoretical directions, rooted in the family embeddedness perspective, for moving the family business literature forward.