Title: Corporate governance in family business firms: a systematic review

Authors: Ata Harandi; Payvand Mirzaeian Khamseh; Maryam Golestani; Shib Sankar Sana

Addresses: Faculty of Business Management, Department of Strategy and Business Policy, College of Management, University of Tehran, Tehran, 1411713114, Iran ' Faculty of Social Sciences and Economics, Department of Management, Alzahra University, Tehran, 1993893973, Iran ' Faculty of Commerce, University of Tehran, Tehran, 1411713114, Iran ' Department of Mathematics, Kishore Bharati Bhagini Nivedita College, Ramkrishna Sarani, Behala, Kolkata, 700060, India

Abstract: The purpose of this research is to highlight current trends in the literature on corporate governance in family businesses. As with other businesses, corporate governance is crucial for family firms. In many countries, family businesses account for the majority of all enterprises and play a significant role in economic growth and employment. The increasing volume of studies related to the concept of corporate governance and its derivative concepts, as a motivating factor, prompted the researchers to conduct a systematic review structured around the introduction, decision, and conclusion. To integrate the components derived from the findings of other authors in the field of corporate governance in family firms, this study's paper search was designed based on a four-step systematic review pattern. Through several stages of screening, 43 papers were analysed in the final stage from an initial pool of 440 papers.

Keywords: corporate governance; family businesses; board of directors; family firms; agency theory; firms; systematic review.

DOI: 10.1504/IJKBD.2024.143626

International Journal of Knowledge-Based Development, 2024 Vol.14 No.4, pp.411 - 443

Received: 02 Apr 2024
Accepted: 14 Sep 2024
Published online: 02 Jan 2025 *

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