(2017-01-01) Molina Parra, Paula Andrea; Botero Botero, Sergio; Montoya Restrepo, Alexandra
The objective of this paper is to systematize and analyze existing empirical studies of the relationship
between family involvement in family businesses and their financial returns. With this purpose in mind,
a systematic review of papers has been carried out. These papers have been selected with criteria clearly
defined in the most relevant databases of social sciences, aiming at seeing whether this relationship is
positive or negative. Based on the findings, three trends of the studies analyzed were obtained: positive
relationship, negative relationship and neutral relationship. With these heterogeneous results it has been
concluded that the relationship between the family businesses and their performance are complex and
probably moderate or affected by factors that are not included in these analysis.
