Empirical research on Innovation in Family Business: literature review and proposal of an integrative framework

Objective - The objective of this paper is to present the results of a systematic literature review concerning empirical research about innovation in the Family Business (FB). Design/methodology/approach - A comprehensive literature review based on an in-depth analysis of 59 empirical studies was carried out. Findings - The revision presents an integrative framework, identifying main determinants and dimensions of innovation; and summarizes main research avenues and existing gaps, in order to guide future research. Practical implications - The paper summarizes main research progress concerning innovation in the Family Business worldwide. Consequently, it allows for better decisions by the managers of these firms. Originality/value - The study of innovation in the Family Business has emerged as a prolific research field over recent years, but current knowledge of how these firms innovate is as yet fragmented and incomplete. Consequently, there has been demand for further research concerning this field.