Resource Configuration in Family Firms: Linking Resources, Strategic Planning and Technological Opportunities to Performance

Kimberly A. Eddleston, Franz Kellermanns and Ravi Sarathy

Journal of Management Studies, 2008, vol. 45, issue 1, 26-50

Abstract: abstract We apply the resource‐based view of the firm to the study of family firms by investigating how a family specific resource (reciprocal altruism) and a firm specific resource (innovative capacity) contribute to family firm performance. We then examine how the impact of these resources is moderated by strategic planning and technological opportunities. Our findings suggest that family firms can benefit from emphasizing the positive aspects of kinship and from developing innovative capacities. As such, we demonstrate that not only do firm specific resources contribute to family firm performance, but also that family relationships can be a source of competitive advantage for a family firm. In addition, we found a heightened importance of reciprocal altruism in environments rich in technological opportunities, and that strategic planning is more important for those family firms that lack innovative capacities.

Date: 2008
References: View complete reference list from CitEc
Citations: View citations in EconPapers (141)

Downloads: (external link)
https://doi.org/10.1111/j.1467-6486.2007.00717.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:jomstd:v:45:y:2008:i:1:p:26-50

Ordering information: This journal article can be ordered from
http://www.blackwell ... s.asp?ref=00022-2380

Access Statistics for this article

Journal of Management Studies is currently edited by Timothy Clark, Steven W. Floyd and Mike Wright

More articles in Journal of Management Studies from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().