“…From a resource-based theoretical perspective (Barney 1991, Grant 1991, Wernerfelt 1984, collis 1995, Habbershon et al 1999, Barney 2002, colbert 2004, eddleston et al 2008, Sirmon et al 2008, sustainable competitive advantages would need to reflect idiosyncratic resource-orientated biases of family vis-à-vis non-family firms, enabling them to offset any overarching threat of imitation 1 . Patient capital, leading in turn to longer term stewardship and sustained innovation, emerges as one such critical advantage (Miller et al 2008, Sirmon et al 2008, though this is not always the case (carney 2005).…”