Title
Achieving sustained competitive advantage: A family capital theory
Department/School
Entrepreneurship; Center for Family Business
Date of this version
2006
Document Type
Article
Abstract
Although it has been long asserted that family businesses hold advantages over nonfamily businesses, to date, there have been very few theories developed as to exactly why family businesses hold competitive advantages over nonfamily businesses. This article introduces the concept of family capital and proposes that family capital has potential impact on business performance. Specifically, this article suggests that family businesses with high levels of family capital possibly do hold a sustained competitive advantage over family businesses with low levels of family capital and/or nonfamily businesses.
Volume
19
Issue
2
Published in
Family Business Review
Citation/Other Information
19(2) 135-145