Journal
FAMILY BUSINESS REVIEW
Volume 31, Issue 1, Pages 80-124Publisher
SAGE PUBLICATIONS INC
DOI: 10.1177/0894486517735169
Keywords
family firm; advising; decision making; process
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Academic research on family business advising is gaining momentum; however, the internal structure and mechanisms of advice giving and taking remain a black box. We conducted a systematic review that integrates findings from family business advising with those from psychology. Advising research in psychology has focused on understanding the subjective constructs and theoretical concepts composing the internal structures of advising. We develop an input-process-output framework to categorize and integrate both streams of literature on advising, introduce new concepts and variables from psychology that inform family firm advising, and identify important gaps to delineate avenues for future family firm research.
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