“…A significant number and the accompanying strong diversity of family enterprises make it difficult to create one universally accepted definition. Individual authors propose different criteria distinguishing a family enterprise from subjective ones, such as perception by the owners themselves as a family enterprise (Sten, 2006), declarative, how to manage family values (Aronoff & Ward, 2011) and family having a decisive influence on the enterprise (Wimmer, Domayer, Oswald, & Vater, 2018) to rational criteria such as family participation in the capital, management board and supervisory board (Zellweger, Halter, & Frey, 2006;Astrachan, Klein, & Smyrnios, 2002). In more developed approaches, the family is also shaped by the normative foundations of the enterprise, the definition of its mission and its scope of activity (Scherer, Blanc, Kormann, Groth, & Wimmer, 2012).…”