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  • Family Business Restructuring

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Family Business Restructuring: A Review and Research Agenda

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<mark>Journal publication date</mark>31/01/2022
<mark>Journal</mark>Journal of Management Studies
Issue number1
Volume59
Number of pages39
Pages (from-to)197-235
Publication StatusPublished
Early online date24/05/21
<mark>Original language</mark>English

Abstract

Although business restructuring occurs frequently and it is important for the prosperity of family firms across generations, research on family firms has largely evolved separately from research on business restructuring. This is a missed opportunity, since the two domains are complementary, and understanding the context, process, content, and outcome dimensions is relevant to both research streams. We address this by examining the intersection between research on business restructuring and family firms to improve our knowledge of each area and inform future research. To achieve this goal, we review and organize research across different dimensions to create an integrative framework. Building on current research, we focus on 88 studies at the intersection of family firm and business restructuring research to develop a model that identifies research needs and suggests directions for future research.