“…The ugly side of family business arises when the bad aspects dominate over the good, creating challenges for the family firm and revealing its dark side (Montiel Mendez and Soto Maciel, 2021;Gregory et al, 2022). Psychology literature suggests that relationships within the family firm may turn awry if not properly managed (see 'Psychology of the Business Family', by Von Schlippe; 'Psychological Ownership', by Bernhard, in this Encyclopedia).…”