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Defining Family Business: A Closer Look at Definitional Heterogeneity

In: The Palgrave Handbook of Heterogeneity among Family Firms

Author

Listed:
  • Vanessa Diaz-Moriana

    (University of the Balearic Islands (UIB))

  • Teresa Hogan

    (Dublin City University)

  • Eric Clinton

    (Dublin City University)

  • Martina Brophy

    (Dublin City University)

Abstract

Researchers have used a myriad of different definitions in seeking to explain the heterogeneity of family firms and their unique behavior; however, no widely accepted definition exists today. Definitional clarity in any field is essential to provide (1) the basis for the analysis of performance both spatially and temporally and (2) the foundation upon which theories, frameworks, and models are developed. We provide a comprehensive analysis of prior research and identify and classify 82 definitions of family business. We then review and evaluate five key theoretical perspectives in family business to identify how these have shaped and informed the definitions employed in the field and duly explain family firm heterogeneity. Finally, we provide a conceptual diagram to inform the choice of definition in different research settings.

Suggested Citation

  • Vanessa Diaz-Moriana & Teresa Hogan & Eric Clinton & Martina Brophy, 2019. "Defining Family Business: A Closer Look at Definitional Heterogeneity," Springer Books, in: Esra Memili & Clay Dibrell (ed.), The Palgrave Handbook of Heterogeneity among Family Firms, chapter 13, pages 333-374, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-77676-7_13
    DOI: 10.1007/978-3-319-77676-7_13
    as

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