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Publication Detailed Description
Past, present and future of family firms and their sustainability developments: A text-mining approach
Journal Title
Asian Review of Accounting
Year (definitive publication)
N/A
Language
English
Country
United Kingdom
More Information
Web of Science®
Scopus
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Abstract
Purpose
This paper examines a decade of research on the correlation between sustainability and family-owned businesses. It explores the critical aspects of sustainability and how they impact family ownership, pinpoints gaps in the existing literature and outlines potential research areas for the future.
Design/methodology/approach
This article examines the research on sustainability in family firms (FF) over the past decade by analysing 162 relevant articles from Web of Science and Scopus. Through a text-mining approach utilising latent Dirichlet allocation (LDA), latent topics were extracted from the literature and thoroughly analysed.
Findings
The study identifies eight topics associated with family businesses and their sustainability efforts, offering insights into critical areas of research and the interactions between sustainability and family businesses.
Research limitations/implications
The study results are essential for FF and sustainability literature. They suggest eight topics related to sustainability practices, which are transversal to all companies and of interest to their stakeholders.
Practical implications
The current paper allows researchers to analyse the topics addressed in depth. Managers can obtain relevant information that may encourage them to invest in sustainability and reduce information asymmetry and regulators can improve current and future guidelines.
Social implications
Promoting FF’s consistent adoption of sustainable practices is imperative. Given their pivotal role in the business market, it is crucial to effectively communicate this commitment to the general public, regulators and investors. Underscoring the critical role of sustainability in attaining long-term success becomes essential for these firms.
Originality/value
The article stands out for its innovative approach. It focuses on family businesses and uses text-mining methods to analyse the literature on sustainability, thus filling a gap in existing research.
Acknowledgements
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Keywords
Sustainability,Family firms,Text-mining,Future trends
Fields of Science and Technology Classification
- Economics and Business - Social Sciences
Funding Records
| Funding Reference | Funding Entity |
|---|---|
| UIDB/00315/2020 | Fundação para a Ciência e a Tecnologia |
Contributions to the Sustainable Development Goals of the United Nations
With the objective to increase the research activity directed towards the achievement of the United Nations 2030 Sustainable Development Goals, the possibility of associating scientific publications with the Sustainable Development Goals is now available in Ciência_Iscte. These are the Sustainable Development Goals identified by the author(s) for this publication. For more detailed information on the Sustainable Development Goals, click here.
