Family Business Restructuring: A Review and Research Agenda

David R. King, Olimpia Meglio, Luis Gomez-Mejia, Florian Bauer, Alfredo De Massis

Research output: Contribution to journalReview articlepeer-review

45 Scopus citations


Although business restructuring occurs frequently and it is important for the prosperity of family firms across generations, research on family firms has largely evolved separately from research on business restructuring. This is a missed opportunity, since the two domains are complementary, and understanding the context, process, content, and outcome dimensions is relevant to both research streams. We address this by examining the intersection between research on business restructuring and family firms to improve our knowledge of each area and inform future research. To achieve this goal, we review and organize research across different dimensions to create an integrative framework. Building on current research, we focus on 88 studies at the intersection of family firm and business restructuring research to develop a model that identifies research needs and suggests directions for future research.

Original languageEnglish (US)
Pages (from-to)197-235
Number of pages39
JournalJournal of Management Studies
Issue number1
StatePublished - Jan 2022


  • acquisition
  • buyout
  • divestment
  • family firm
  • restructuring

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management
  • Management of Technology and Innovation


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