Edited by Panikklos Zata Poutziouris, Kosmas X. Smyrnios and Sabine B. Klein
Frank Hoy and Pramodita Sharma Introduction Although we can safely assume that family businesses predate recorded history (Colli, 2003), formal educational and research programs focusing speciﬁcally on family-owned ﬁrms are recent phenomena (for example, Hoy and Verser, 1994; Wortman, 1994). Litz (1997) provided a persuasive analysis of the reasons for the neglect of family business studies in the business schools citing a ‘longstanding pattern of interaction between business ﬁrms, business regulators, academic institutions, and individual academic researchers’ (p. 56). However, fuelled by a growing awareness of the importance and dominance of family ﬁrms in most countries (for example, IFERA, 2003), the interest in family business studies is growing at a rapid pace, as reﬂected in recent review articles (Bird et al., 2002; Sharma, 2004; Chrisman et al., 2005). Aims and contributions of chapter As the ﬁeld is gaining momentum, it is important to pause momentarily to capture its evolution with an aim to preserve our legacy and provide a common historical basis of our past. This chapter endeavors to provide such a pause to the ﬁeld of family business studies. While we draw our inspiration from the example of Katz (2003) who captured the evolution of entrepreneurship as a discipline of study and instruction, our focus is much narrower as it is limited to tracking the history of family business studies only. Through this attempt, we hope to preserve our beginnings and provide navigational guidelines to family business scholars and practitioners of tomorrow. Scope and limitations To capture...
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