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Private equity and family firms: A systematic review and categorization of the field

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  • Schickinger, Antonia
  • Leitterstorf, Max P.
  • Kammerlander, Nadine

Abstract

This study reviews academic literature on private equity and family firms. Based on a systematic search process, we identify 50 relevant studies published in the fields of management, finance, and economics between 1990 and 2017. Besides providing a nuanced overview of the current state of research, we develop a framework to categorize the interaction between private equity firms and family firms along three phases. We outline the challenges and needs associated with a family firm–private equity partnership and discuss a variety of contingency factors. Lastly, we use the developed framework to propose an agenda for further research in the family firm–private equity field.

Suggested Citation

  • Schickinger, Antonia & Leitterstorf, Max P. & Kammerlander, Nadine, 2018. "Private equity and family firms: A systematic review and categorization of the field," Journal of Family Business Strategy, Elsevier, vol. 9(4), pages 268-292.
  • Handle: RePEc:eee:fambus:v:9:y:2018:i:4:p:268-292
    DOI: 10.1016/j.jfbs.2018.09.002
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