Legacy: The meaning of lasting impact for family, business, and beyond

Matthew Fox, Kimberly A. Wade-Benzoni and Jeffrey G. Covin

Journal of Family Business Strategy, 2024, vol. 15, issue 3

Abstract: The concept of legacy exists at the core of family business research, yet as a construct, the nature of what legacy is and why and how legacy matters across generations has been poorly understood (Hammond, Pearson, & Holt, 2016). This lack of conceptual clarity has limited legacy research in the domain of family business. In this article, we provide a comprehensive definition of legacy that can be used to draw connections across existing legacy research and open new avenues of inquiry critical to understanding both family firms and legacy itself.

Keywords: Legacy; Entrepreneurship; Innovation; Sustainability; Succession; Values (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:fambus:v:15:y:2024:i:3:s1877858524000287

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DOI: 10.1016/j.jfbs.2024.100633

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