Family business research is a relatively young academic field. Until the 1980s, scientists largely ignored the role of family businesses in the corporate world (Hack, 2009). In contrast, research was focused on public companies with scattered ownership. Reports on family businesses were largely descriptive, based on anecdotal or stereotypical evidence, and focused on phenomenological problems, such as succession or business governance (Poutziouris, Smyrnios, & Klein, 2006).
KeywordsFamily Business Stakeholder Theory Stakeholder Management Family Ownership Relational Trust
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