A Strategic Management Perspective of the Family Firm: Past Trends, New Insights, and Future Directions

Family enterprises are the predominant form of business organizations estimated to range from 60% to 98% of all firms in different regions of the world (e.g., Miller and Le-Breton Miller, 2005). These businesses are some of the smallest and largest, youngest and oldest enterprises, in developing and developed economies (Chua et al, 2004; Fernandez-Araoz et al., 2015; La Porta et al., 1999). As lists of the oldest and largest family firms...