Firms in Territories: The Local Roots of Family Firms

Stefano Amato and Alessia Patuelli
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Stefano Amato: University of Trento
Alessia Patuelli: Northumbria University

Chapter Chapter 4 in Family Firms and Local Roots, 2023, pp 43-72 from Springer

Abstract: Abstract This chapter explores the firm–territory “nexus,” by disentangling the concept of the firm’s local embeddedness. After retracing the evolution of the concept, its formulation in spatial terms, and the dark side of embeddedness, the chapter sheds light on the entrepreneur’s place attachment underlying the firm’s embeddedness in the local context. Then, it delves deeply into the family firms. By untangling the peculiar place attachment of the owning family, the chapter depicts the local roots embedding the firm in a given locality and the influence on firms’ outcomes. The manuscript ends by analyzing the factors either embedding or disembedding family firms from their home territory and the adverse effects of over-embeddedness.

Keywords: Embeddedness; Localities; Place attachment; Lock-in; Local roots; Family firms (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-031-31793-4_4

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DOI: 10.1007/978-3-031-31793-4_4

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