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Family firms are the dominant form of business globally and some researchers and studied its different aspects
under resources based view (RBV) theory, another important resource under consideration worldwide is political
connections of businesses, these ties are very helpful in achieving business goals. The purpose of this study is to do a
systematic review of the studies on family firms and political connections covering different aspects as performance,
debt, dividend and investment policy. The “preferred reporting items for systematic reviews and meta-analyses
(PRISMA)” by Shamseer et al., 2015 was used for the review. Top three journals of family firms were considered for
the review and moreover some key words were also used to search articles from google scholar that were eligible to
be added in the search. This review revealed that out of total 391 articles initially shortlisted was ultimately filtered
to 4 articles only that studied these specific variables and moreover it was also revealed that none of the 4 articles
were published in the top journals of family firms that show the gap in literature. This study concludes that many
aspects of family firms have been studied but political connections of family firms is an understudied domain and
specifically corporate financial decisions in this regard is totally uncovered are of research yet.
Noor Ul Ain Khan, Dr Snober Javid. (2021) Political Connections and Family Firms: A Systematic Review of literature, Journal of the Research Society of Pakistan, Volume-58, Issue-2.
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