What drives bank financing in family firms? A systematic review and research agenda

Lien Vekemans, Anneleen Michiels, Tensie Steijvers and Vincent Molly

Journal of Family Business Strategy, 2025, vol. 16, issue 2

Abstract: Given the significant role of family firms worldwide, their access to bank financing to fund growth and operations is crucial for the global economy. Through a systematic literature review analyzing 126 empirical articles published between 1998 and 2023, this study focuses on the determinants of bank financing use on the one hand and bank financing conditions on the other hand. In this article, we disentangle the diversified and evolving research domain of family business bank financing, uncover what might explain the conflicting findings in extant research, and discuss how scholars could move this field forward. Guided by behavioral theories, we present promising directions for future research by identifying gaps considering the role of the business family in the decision-making process regarding bank finance use and conditions.

Keywords: Family firms; Bank finance; Bank finance conditions; Systematic literature review (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1877858525000105
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:fambus:v:16:y:2025:i:2:s1877858525000105

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/719791/bibliographic
http://www.elsevier. ... 719791/bibliographic

DOI: 10.1016/j.jfbs.2025.100669

Access Statistics for this article

Journal of Family Business Strategy is currently edited by J.H. Astrachan

More articles in Journal of Family Business Strategy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().