Literature Review Analysis for Family Business
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Date
2022-12-01
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IJRAR
Abstract
Family businesses are crucial foundations of global economy because they both contribute to the GDP and employ a significant number of people. This paper examines the basic theories of family business research as a contribution. To support this study, a thorough evaluation of the literature using the Web of Science (WoS) database of family business research articles was done. The main theories and concepts of family business research are identified in the following bibliometric and scientometric study based on their applicability to researchers. One of the primary conclusions, based on 5,013 recognised documents, states that the Socioemotional Wealth theory has gained significant attention over the previous five years and has been the most widely discussed theory in the last ten years. The writers with the most citations are Chrisman, J. J., from the United States, and Kellermann, F. W., from Germany, who each have more than 70 publications with an average of 86.7 citations per publication. The United States contributes the most to family business research as a nation (27% of publications), and Europe as a continent (48% of publications). Although 18% of authors have published more than 50% of the articles, the majority of publications are written by a single author or with a co-author.
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Keywords
Family Business, Theories, Systematic Literature Review, socioemotional wealth theory