How a larger family business is different from a non-family one?

A larger family business seeks to remain strong and competitive against larger non-family businesses in domestic and foreign markets. This goal can result in replicating practices adopted by larger non-family businesses. We build from agency and institutional theories to explore how different are large family businesses from non-family ones as they become professionally managed and conform to isomorphic pressures. We conduct our study with a sample of Ibero-American and Asian firms ranked in the Top 750 largest family businesses. Our findings provide an initial assessment about the limits of the family influence on the business and discuss the potential implications for future research in the field.

Automated summary

The research explores the differences between large family businesses and non-family businesses in terms of professional management and isomorphic pressures, focusing on the challenges and influences faced by family businesses.