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More than three decades support the research on the family business. The progress achieved, beyond the disagreements, is considerable. However, significant changes in the macro and microenvironment, and their influence on the companies lead to rethinking new perspectives. This new research agenda is multidimensional to achieve a deeper understanding of the essence of the family business. The objective is to find axes that allow hold up the family business to overcome new challenges. Renowned authors from all over the world have reflected on this and offered us new and high-quality perspectives to enrich debate and promote research.

It has long been known that family firms have a high mortality rate and that increasing these firms' survival rate is one of the most difficult challenges faced by both public policies and scholars. While most policies and researchers have focused on the business side, in recent years, more attention has been paid to the family sphere. This chapter goes one step further by not focusing on one side or another of this binomial, but on the relationship between both. In particular, we analyze the paradoxes emerging between the different inter- and intragenerational dyads that coexist in family firms (mother-daughter, father-son, mother-son, father-daughter, brother-sister, wife-husband, etc.) to open new lines of debate and propose new basis for the establishment of family firms-targeted public politics. We propose policies that will help family decision-makers to manage unique paradoxes that characterize family businesses.

Justice perceptions describe an individual's evaluation of whether decisions or actions are fair or unfair. These perceptions are important because they affect individual attitudes and behaviors in different situations. Family firms develop and implement governance policies and structures (i.e., governance systems) to diminish the problems that can arise from the overlap between the business, the family, and the ownership systems of a firm. Governance systems help family firms have a clear structure of accountability and a clear understanding of the rights and responsibilities that family and non-family members have toward the family enterprise. Research on governance to date has focused on the practices and policies that exist and their effects on the family firm. However, in the governance context, individual perceptions are important because they are likely to affect the attitudes that family and other members have toward the family enterprise and the likelihood that they will follow the different policies when they are implemented. This chapter takes a receiver perspective to explain how individuals create justice perceptions based on governance mechanisms and the effects of these perceptions. The goal is to understand how we can use this information when developing governance practices in family firms.

Taking as reference a sample of around a hundred biographical materials on entrepreneurs in Mexico and Colombia, the purpose of this chapter is dual. Both to show the relevance and varied modalities that the biographical approach has enjoyed in business history research since the 1990s, and to display the intrinsic potential this modality of scholarship entails for entrepreneurship endeavors. In particular, it discusses the prospects to incorporate this body of empirical works into the large Latin American audience attending undergraduate, graduate and executive education programs in business, economic history and related fields. The chapter is organized into three sections. The first two are devoted to illustrate relevant patterns in the entrepreneurial trajectory of individuals and entrepreneurial families studied in each of the two countries under consideration. The last section identifies some conceptual issues that may impact current debates on Latin American business development as exemplified in recent business and economic history journal venues and scholarly conferences.

Research concerning family business, from our perspective, is often limited by the theoretical paradigms that the researchers examine or use in their work. From the vantage point of the sociology of knowledge, Thomas Kuhn (1962) popularized the notion of “paradigms” within theoretical and scientific communities. Paradigms impose a specific view of the world onto the topics that are studied. Like “Schroedinger's Cat,” the theory used changes the “world” that is being investigated. As Kuhn pointed out, revolutions in thinking occur most frequently from “outside” the theoretical community that is committed to specific paradigms.

This chapter explores various structural, socio-cultural and economic factors that have precipitated the significant change in the supply of free family firm workers, specifically women’s unpaid labor. To investigate these concerns, we use longitudinal data from the U.S. Current Population Survey (CPS) and the Bureau of Labor Statistics (BLS). We provide a general overview of critical social, cultural and economic factors impacting women’s opportunities since 1948, with an emphasis on recent historical changes between 1994 and 2020.

We find that, among other factors, the deinstitutionalization of marriage, changing rates of educational attainment, fluctuating labor force participation, economic recessions and women’s rights movements have led to a steep decline in unpaid female family workers. We further assess the distribution of unpaid family workers by industry and by age of worker to build a more nuanced picture of this trend. We sought to determine where these unpaid female workers went --to industry jobs, government work or self-­employment.

Given that complex national-level factors will continue to impact women’s life choices, family firms should consider the short- and long-term impact of the changing social value of women and their roles in family firms. We suggest family firms: ensure appropriate financial compensation for talented women, provide a range of supportive options for work-family balance to increase retention, and consider differential work opportunities for women at the start of their professional lives and those who may be interested in contributing to their families’ business in the later years of their careers.