Family Firm Heterogeneity: A Definition, Common Themes, Scholarly Progress, and Directions Forward

Author:

Daspit Joshua J.1ORCID,Chrisman James J.23,Ashton Triss4,Evangelopoulos Nicholas56

Affiliation:

1. Texas State University, San Marcos, TX, USA

2. Mississippi State University, Mississippi State, MS, USA

3. University of Alberta, Edmonton, Alberta, Canada

4. Tarleton State University, Stephenville, TX, USA

5. University of North Texas, Denton, TX, USA

6. 7-Eleven Inc., Irving, TX, USA

Abstract

While progress has been made in recent years to understand the differences among family firms, insights remain fragmented due, in part, to an incomplete understanding of heterogeneity and the scope of differences that exist among family firms. Given this, we offer a definition of and review the literature on family firm heterogeneity. A latent semantic analysis of 781 articles from 33 journals identified nine common themes of family firm heterogeneity. For each theme, we review scholarly progress made and highlight differences among family firms. Additionally, we offer directions for advancing the study of family firm heterogeneity.

Publisher

SAGE Publications

Subject

Finance,Business, Management and Accounting (miscellaneous)

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