“…Scholars agree that family firms are the predominant form of business enterprises in the world and are pioneering the Schumpeterian concept of innovation (Astrachan & Shanker, 2003;Craig & Moores, 2006;De Massis, Frattini & Lichtenthaler, 2013;Feranita, Kotlar & De Massis, 2017;Morck & Yeung, 2003;Poutziouris, 2001;Teixeira & Correia, 2020;Yanagisako, 2019). Family firms are well structured, old-styled and negate the tenet of corporate governance (Duran, Kammerlander, Van Essen & Zellweger, 2016;Peruffo, 2017).…”