The Role of Family Influence in Firms' Strategic Responses To Threat of Imitation

David Sirmon, Jean-Luc Arrègle (), Michael Hitt and Justin Webb
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David Sirmon: Texas A&M University [College Station]
Jean-Luc Arrègle: EDHEC - EDHEC Business School - UCL - Université catholique de Lille
Michael Hitt: Texas A&M University [College Station]
Justin Webb: Texas A&M University [College Station]

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Abstract: We integrate theory on the resource-based view and threat rigidity with family business research to explain the role family influence plays in responding to threats of imitation. As opposed to family control, we find that family influence affects resource management actions taken in response to threats of imitation. Specifically, results show that R&D investment and internationalization actions mediate the relationship between imitability and performance. However, we find that family- influenced firms are less rigid in their responses to such threats, reducing R&D and internationalization significantly less than firms without family influence.

Date: 2008-11-01
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Citations: View citations in EconPapers (19)

Published in ET & P, Entrepreneurship Theory and Practice, 2008, 32 (6), 979-998 p. ⟨10.1111/j.1540-6520.2008.00267.x⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02312685

DOI: 10.1111/j.1540-6520.2008.00267.x

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