In Search of a Useful Theory of Family Business

Research output: Contribution to conferencePaperResearchpeer-review


Families and businesses evolve. Families transition; businesses transform. Fundamental to this process is trust and loyalty among family members and business stakeholders. Our research strengthens understanding of multi-generational family businesses by introducing a heterodox-economics-rooted perspective of family business adapted from Nelson and Winter’s (1982) Lamarckian-inspired evolutionary theory of the firm. We add contextual richness by demonstrating how a third-generation business-owning family are concurrently orchestrating their generational transition and business transformation.
Original languageEnglish
Number of pages18
Publication statusUnpublished - 17 Jun 2023
EventFamily Enterprise Research Conference - Florida Atlantic University, Opal Grand, Delray Beach, United States
Duration: 15 Jun 202317 Jun 2023


ConferenceFamily Enterprise Research Conference
Abbreviated titleFERC
Country/TerritoryUnited States
CityDelray Beach
Internet address


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