How do family businesses adapt to the rapid pace of globalization? a bibliometric analysis

Abstract

Accelerated globalization has created new requirements for corporate strategies. Understanding the statistical relationship between economic globalization and family business development is important in advancing the theory and practice in this field. This study aims to explore economic changes and their influence on the family businesses when globalization thrives. To achieve this, we utilize a bibliometric analysis with visualization tools: VOSviewer and R Bibliometrix. The relevant literature from 1900 to 2021 is collected using retrieval formulas from the Web of Science Core Collection. First, this study analyzes the literature from multiple aspects, including authors, citations, journals, keywords, and countries, to define the features of the publications. Then, bibliographic coupling, co-citation, and co-occurrence analyses are conducted. The results show the evolution of the literature related to family businesses with globalization. Furthermore, the current challenges and popular issues are discussed for future research. This paper highlights the innovative measures of family businesses in the context of globalization and identifies the frontiers in this field.