Family and institutional contexts: an integrated view to advance family business research

Abstract

Family businesses constitute the bedrock of entrepreneurship in most national economies, contributing to the production of gross domestic product, job creation and the livelihood of society. Therefore, while family businesses are subject to institutional influence, they also play an active role in shaping its characteristics. The aim of this chapter is to present the current state of family business studies in an institutional approach and to see how this perspective can be helpful to advancing the understanding of family business. Specifically, the chapter is an introduction to the entire book, and sheds light on the dynamic relationships of the family business context. It then provides a theoretical and interpretative framework for future in-depth study. It is deemed that this aspect is of crucial importance, especially for family business scholars. However, a multidisciplinary perspective involving jurists, economists, business historians and sociologists could help explore the topic. Therefore, it aims to be a platform for future multidisciplinary and interdisciplinary research.