2006
DOI: 10.1111/j.1741-6248.2006.00065.x
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Achieving Sustained Competitive Advantage: A Family Capital Theory

Abstract: Although it has been long asserted that family businesses hold advantages over nonfamily businesses, to date, there have been very few theories developed as to exactly why family businesses hold competitive advantages over nonfamily businesses. This article introduces the concept of family capital and proposes that family capital has potential impact on business performance. Specifically, this article suggests that family businesses with high levels of family capital possibly do hold a sustained competitive ad… Show more

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Cited by 286 publications
(335 citation statements)
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References 57 publications
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“…This is supported by Westhead and Howorth (2006a) and Hoffman et al (2006) who emphasize the role of family in family business. Values reflect senior generations' existence and dominance.…”
Section: Discussionmentioning
confidence: 99%
“…This is supported by Westhead and Howorth (2006a) and Hoffman et al (2006) who emphasize the role of family in family business. Values reflect senior generations' existence and dominance.…”
Section: Discussionmentioning
confidence: 99%
“…Amongst these we can mention their commitment, confidence, trust, reputation, know-how, and strong sense of identity (Cabrera-Suárez et al, 2001;Sirmon & Hitt, 2003;Bracci, 2008;Zahra et al, 2007). Moreover, these firms have a common family language that allows them to communicate more efficiently and exchange more information in greater privacy (Hoffman, Hoelscher & Sorenson, 2006 (Zahra et al, 2007).…”
Section: Knowledge Transfer In Family Businessesmentioning
confidence: 99%
“…Lee (2006), Gonçalves (2000), Fritz (1993), Bernhoeft (1989) Laços afetivos fortes influenciando os comportamentos, relacionamentos e decisões da organização. Hoffman, Hoelscher;Sorenson (2006), Auken;Werbel (2006), Lodi (1998), Fritz (1993, Bernhoeft (1989) Postura de austeridade, seja na forma de vestir, seja na administração dos gastos. Bernhoeft (1989), Donnelley (1967) Reputação que o nome da família pode ter no espaço geográfico onde atua, funcionando como uma espécie de segurança econômica e política.…”
Section: Quadro 1 -Características Ou Forças Da Empresa Familiarunclassified
“…Bernhoeft (1989), Donnelley (1967) Reputação que o nome da família pode ter no espaço geográfico onde atua, funcionando como uma espécie de segurança econômica e política. Hoffman, Hoelscher ;Sorenson (2006), Lodi (1998), Donnelley (1967 A continuidade da administração ao longo do tempo, com valores familiares, gera imagem positiva. Gonçalves (2000), Lodi (1998), Donnelley (1967) Sensibilidade social e política do grupo familiar, em nível regional e até mesmo nacional.…”
Section: Quadro 1 -Características Ou Forças Da Empresa Familiarunclassified