research on family firms

Research on family firms explores how family-owned businesses operate, manage succession, and balance family interests with professional management. It examines their unique challenges, such as maintaining family harmony, transmitting values across generations, and ensuring long-term sustainability. Studies also consider their impact on local economies and how family dynamics influence business decisions. This research helps understand what makes family firms different from non-family businesses and offers insights into effective management practices, succession planning, and resilience, ultimately supporting their continued success and contribution to economic growth.