Family firms constitute between 60% to 98% of all businesses in most countries. Family firms are not necessarily small and medium sized: a McKinsey study in 2010 found that 60% of private sector companies with revenues of over $1 billion in emerging economies were owned by founders or families. It is estimated that by 2025, family-owned businesses will represent nearly 40% of the world's large firms, up from 15% in 2010, necessitating the need to examine and engage this fast-growing segment of the economy. Hence, this is an opportune time to examine the diffusion of sustainability practices and strategies in family firms.
For scholars conducting research, and those interested in developing a research agenda, at the interface of Family Firms and Sustainability, please email me (ssharma@bsad.uvm.edu)<mailto:ssharma@bsad.uvm.edu)> directly if you are interested in participating in a PDW to discuss research directions and collaborations.
Sanjay
Sanjay Sharma, Ph.D.
Dean and Professor of Management
Grossman School of Business
210 Kalkin Hall, 55 Colchester Avenue
University of Vermont
Burlington VT 05405 USA
Phone: 8026563177