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Family business succession and innovation: a systematic literature review

Author

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  • Juliana R. Baltazar

    (Universidade da Beira Interior & NECE Research Unit)

  • Cristina I. Fernandes

    (University of Beira Interior & NECE Research Unit in Business Sciences
    Centre for Corporate Entrepreneurship and Innovation at Loughborough University)

  • Veland Ramadani

    (South East European University
    Max van der Stoel Institute)

  • Mathew Hughes

    (Loughborough University)

Abstract

This study systematizes and classifies the state-of-the-art of knowledge about innovation and succession in family businesses. Our systematic literature review details the existing knowledge and establishes new points of departure for future research. This research analyzes 32 articles retrieved from the Web of Science database and makes recourse to bibliographic coupling through the VOS viewer software to identify the main lines of research on the theme of innovation and succession in family businesses before advancing new topics for future research. The results identify and classify the prevailing theoretical foci in this domain to: (i) Impact of Succession on Innovation; (ii) Succession and Sharing of Knowledge; and (iii) Obstacles to Innovation. This study also shows that the succession process hinders investment in innovation and that family businesses’ innovation capacity represents life or death for these businesses. This review also presents a framework that shows how succession processes impact innovation in family businesses.

Suggested Citation

  • Juliana R. Baltazar & Cristina I. Fernandes & Veland Ramadani & Mathew Hughes, 2023. "Family business succession and innovation: a systematic literature review," Review of Managerial Science, Springer, vol. 17(8), pages 2897-2920, November.
    • Handle: RePEc:spr:rvmgts:v:17:y:2023:i:8:d:10.1007_s11846-022-00607-8
    DOI: 10.1007/s11846-022-00607-8
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