Financing the growth of the family business: a research agenda

Abstract

In family businesses, growth is not just a measure of business success, but also of family well-being over time. In this chapter the authors discuss the state of the art on family business growth literature and the literature on the sources of finance to support this growth, with a focus on bank financing, mezzanine financing and private equity. They find that there is a lack of consensus on the main drivers of growth in family businesses and too little is known about the financing of their growth. Therefore, the authors offer a future research agenda to guide the advancement of knowledge on financing the growth of family businesses.