Family business is created when the family leads commercial activities. This intersection represents emotions and trade within the same entity, driving attention toward intangible resources. History has shown that families can gather together and run successful businesses.
Non-financial topics are capturing the attention of the management field, and family firm identity (FFI) is an interesting topic for those who want to study more in-depth this type of business. This paper will give a review of the academic literature about the FFI identified as a field that needs to be explored more in depth. Interested researchers will find a general view of how this approach is developed from scholars around the world.
The aim is to present how the family and business identity relate to one another, seen from different perspectives by scholars. Researchers’ invaluable contributions are used to design this review, using databases such as Emerald, ProQuest (ABI/INFORM), EBSCOhost and Science Direct. Keywords used for search are family business identity and family firm identity. The data are gathered during May and June 2019. The review shows that several dimensions can influence on the level of FFI. Some of the dimensions which resulted from this study are generations, boundaries, identity conflict, growth, communication and globalization.
Riding the waves of family firm internationalization: A systematic literature review, integrative framework, and research agenda