Revealing the moderating impact of spatial context on the relationship between intellectual capital efficiency and the sustained success of family SMEs

María del Carmen López Taravilla (), Montserrat Manzaneque-Lizano (), Jesús Fernando Santos-Peñalver () and Carolina Feliciana Machado ()
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María del Carmen López Taravilla: University of Castilla La Mancha - Cuenca, https://orcid.org/0000-0001-9051-7406
Montserrat Manzaneque-Lizano: University of Castilla La Mancha - Cuenca, https://orcid.org/0000-0001-8088-3111
Jesús Fernando Santos-Peñalver: University of Castilla La Mancha - Toledo, https://orcid.org/0000-0003-0783-414X
Carolina Feliciana Machado: University of Minho - Braga, https://orcid.org/0000-0002-9685-1576

Small Business International Review, 2023, vol. 7, issue 2, e597

Abstract: This study investigates the behavioral patterns of Small and Medium-Sized Family Firms (SMFFs) in terms of translating intellectual capital efficiency into economic performance while considering their geographical location. The findings underscore the paramount importance of effective intellectual capital management in driving business performance, particularly for SMFFs, drawing upon the knowledge-based perspective. In line with behavioral theory, this study also provides empirical evidence demonstrating that SMFFs located in rural areas adeptly navigate locational challenges by effectively translating their Added Value Intellectual Coefficient (VAIC) into sustainable performance, thereby outperforming their urban counterparts. This phenomenon, referred to as SMFF heterogeneity, can be attributed to their profound emotional connection and deep-rooted bonds with their local communities, intensifying their commitment to the regional milieu. Consequently, their success becomes intricately linked with the spatial context they inhabit. In this regard, this research offers significant practical and theoretical contributions to the understanding of SMFFs, shedding light on the interplay between intellectual capital, geographic location, and sustainable performance in the intricate landscape of family firms

Keywords: intellectual capital; performance; family firms; context; location; regional development (search for similar items in EconPapers)
JEL-codes: D22 L25 M11 M14 O12 O18 O34 O44 R11 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:aaz:sbir01:v:7:y:2023:i:2:p:e597

DOI: 10.26784/sbir.v7i2.597

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