Internal and external resources of competitive advantage for small business success: validation across family ownership

Jeffrey M. Campbell and Joohyung Park

International Journal of Entrepreneurship and Small Business, 2016, vol. 27, issue 4, 505-524

Abstract: The current study reviews both internally-driven strategic factors such as entrepreneurial orientation and firm capital and externally-driven factors such as social capital and community social responsibility and their effects on business performance across family-owned small businesses. Under a resource-based view of the firm framework, the sample was analysed using structural equation modelling. Results suggested that entrepreneurial orientation, firm capital, and corporate social responsibility reflect a significant positive relationship with business performance. Testing of relationship effects based upon ownership type (family versus non-family owned) showed no significant differences. Implications and future research directions for practitioners and academics were provided.

Keywords: family business; strategic orientation; corporate social responsibility; CSR; resource-based view; RBV; small business; competitive advantage; small firms; family firms; internal resources; external resources; family ownership; small business; entrepreneurial orientation; firm capital; social capital; entrepreneurship; structural equation modelling; SEM. (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.inderscience.com/link.php?id=75016 (text/html)
Access to full text is restricted to subscribers.

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:ids:ijesbu:v:27:y:2016:i:4:p:505-524

Access Statistics for this article

More articles in International Journal of Entrepreneurship and Small Business from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().