Final published version
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Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Research on family offices
T2 - What is the way forward? A systematic literature review
AU - Hayoz, Patrik
A2 - Ge, Bingbing
A2 - De Massis, Alfredo
PY - 2025/7/10
Y1 - 2025/7/10
N2 - Despite the growing presence of family offices (FOs) in practice, research on FOs is still in its infancy. Through a systematic literature review (SLR) of 104 papers, we synthesize existing knowledge in the field by integrating insights from both academic and practitioner research. Our SLR provides a state-of-the-art understanding of FOs and identifies new avenues for research that combine theoretical insights with practical implications. Specifically, our research addresses three key questions: i) How has research on FOs evolved; ii) What do we know about FOs, and iii) How can researchers further contribute to the field? We find that current research focuses primarily on FOs as service providers, with limited attention to the perspective of families as need originators. By bridging academic and practitioner-oriented research, we propose a novel definition of FOs to advance the discourse in the field.
AB - Despite the growing presence of family offices (FOs) in practice, research on FOs is still in its infancy. Through a systematic literature review (SLR) of 104 papers, we synthesize existing knowledge in the field by integrating insights from both academic and practitioner research. Our SLR provides a state-of-the-art understanding of FOs and identifies new avenues for research that combine theoretical insights with practical implications. Specifically, our research addresses three key questions: i) How has research on FOs evolved; ii) What do we know about FOs, and iii) How can researchers further contribute to the field? We find that current research focuses primarily on FOs as service providers, with limited attention to the perspective of families as need originators. By bridging academic and practitioner-oriented research, we propose a novel definition of FOs to advance the discourse in the field.
U2 - 10.1016/j.jfbs.2025.100670
DO - 10.1016/j.jfbs.2025.100670
M3 - Journal article
VL - 16
JO - Journal of Family Business Strategy
JF - Journal of Family Business Strategy
SN - 1877-8585
IS - 3
M1 - 100670
ER -