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As a field of study, family-owned business has lacked a coherent comprehensive framework. Currently the field is based largely on the succession literature, where the number of conceptual and empirical studies has doubled in the past five years. By using a conceptual and research-based typology for the field, the conceptual and empirical studies can be evaluated. Based upon the typology, potential studies and questions have been suggested for future research.
Max S. Wortman (Tue,) studied this question.