Abstract
Family firms are the dominant form of business globally and some researchers and studied its different aspects under resources based view (RBV) theory, another important resource under consideration worldwide is political connections of businesses, these ties are very helpful in achieving business goals. The purpose of this study is to do a systematic review of the studies on family firms and political connections covering different aspects as performance, debt, dividend and investment policy. The “preferred reporting items for systematic reviews and meta-analyses (PRISMA)” by Shamseer et al., 2015 was used for the review. Top three journals of family firms were considered for the review and moreover some key words were also used to search articles from google scholar that were eligible to be added in the search. This review revealed that out of total 391 articles initially shortlisted was ultimately filtered to 4 articles only that studied these specific variables and moreover it was also revealed that none of the 4 articles were published in the top journals of family firms that show the gap in literature. This study concludes that many aspects of family firms have been studied but political connections of family firms is an understudied domain and specifically corporate financial decisions in this regard is totally uncovered are of research yet.
Keyword(s)
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