Family and non-family business resilience in an economic downturn

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Does Family Involvement in Management Reduce the Risk of Business Failure? The Moderating Role of Entrepreneurial Orientation (2016, background): “…incentives that can act as “patient capital” and trade short-term profitability for long-term sustainability when the business survival is at stake, undertaking further investments pursuing the turnaround of the business rather than its dissolution (Amann & Jaussaud, 2012; Chrisman & Patel, 2012).”
Financing Decisions in Family Businesses: A Review and Suggestions for Developing the Field (2017, background): “Apart from a number of articles in this direction, more efforts are needed to significantly broaden our knowledge on how financial crises affect family firm financing decisions (Amann & Jaussaud, 2012; Boubakri et al., 2010; Pindado et al., 2012).”
The economics of COVID-19: initial empirical evidence on how family firms in five European countries cope with the corona crisis (2020, background): “…during times like an economic downturn or a financial crisis, family firms can better mobilize their resources to maintain their activities are more resilient (Amann and Jaussaud, 2012) and tend to financially outperform non-family firms (van Essen et al., 2015; Minichilli et al., 2016).”