Resilience in crisis: a systematic review of family business literatures

This study aims to identify the primary factors that strengthen the crisis resilience of family businesses and develop a framework for the family business resilience (FBR) factors. This article provides a comprehensive picture of the family firm resilience literature by examining 189 research articles between 2003 and 2022. The articles were searched through a systematic literature review following the PRISMA statement, using the Web of Science and Scopus databases. The study findings indicate that family businesses are more resilient to external shocks than non-family businesses. The core factors of resilience in family firms are identified, and a framework for the identified factors is presented. Considering the significance of family businesses to the economy, understanding how to strengthen the resilience capability of businesses is essential for organisations’ long-term viability. Knowing the factors contributing to business resilience may help business leaders fix problems before significant changes in the outside world occur, often when the business’s future is tested. The aspect of resilience may be addressed in training programs designed to nurture resilient entrepreneurs and should be considered in the strategies of universities, public authorities, and other actors in the entrepreneurial ecosystem.