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On the goals of family firms: A review and integration

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  • Vazquez, Pedro
  • Rocha, Héctor

Abstract

In this article, we present a review and integration of 76 articles published in peer-reviewed journals from 1992 to 2016 in order to answer two research questions: what are the goals of family firms and how are they integrated according to extant research? We complement noteworthy prior efforts at synthesizing the goals of family firms by focusing on the theory-development elements behind research on this body of knowledge. Our findings are twofold: first, the goals of family firms are diverse and classified in dichotomous categories; second, the majority of studies integrate these goals based on a trade-off logic. We discuss contributions and suggestions for further research at the end of the paper.

Suggested Citation

  • Vazquez, Pedro & Rocha, Héctor, 2018. "On the goals of family firms: A review and integration," Journal of Family Business Strategy, Elsevier, vol. 9(2), pages 94-106.
    • Handle: RePEc:eee:fambus:v:9:y:2018:i:2:p:94-106
    DOI: 10.1016/j.jfbs.2018.02.002
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    Cited by:

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    18. Gomez-Mejia, Luis R. & Mendoza-Lopez, Anabel & Cruz, Cristina & Duran, Patricio & Aguinis, Herman, 2024. "Socioemotional wealth in volatile, uncertain, complex, and ambiguous contexts: The case of family firms in Latin America and the Caribbean," Journal of Family Business Strategy, Elsevier, vol. 15(1).
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    20. Kushins, Eric R. & Behounek, Elaina, 2020. "Using sociological theory to problematize family business research," Journal of Family Business Strategy, Elsevier, vol. 11(1).
    21. Yosra Mani & Lassaad Lakhal, 2023. "Internal social capital and entrepreneurial orientation in family firms: A double-edged sword," Journal of International Entrepreneurship, Springer, vol. 21(4), pages 505-549, December.
    22. Moreno-Menéndez, Ana M. & Casillas, José C., 2021. "How do family businesses grow? Differences in growth patterns between family and non-family firms," Journal of Family Business Strategy, Elsevier, vol. 12(3).
    23. Arz, Christopher, 2019. "Bridging the micro-macro gap: A multi-layer culture framework for understanding entrepreneurial orientation in family firms," Journal of Family Business Strategy, Elsevier, vol. 10(3), pages 1-1.
    24. Dou, Junsheng & Wang, Ning & Su, Emma & Fang, Hanqing & Memili, Esra, 2020. "Goal complexity in family firm diversification: Evidence from China," Journal of Family Business Strategy, Elsevier, vol. 11(1).

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