Resource Configuration in Family Firms: Linking Resources, Strategic Planning and Technological Opportunities to Performance

25 Pages Posted: 11 Jan 2008

See all articles by Kimberly A. Eddleston

Kimberly A. Eddleston

Northeastern University - Entrepreneurship and Innovation

Franz W. Kellermanns

University of Tennessee, Knoxville; University of North Carolina (UNC) at Charlotte

Ravi Sarathy

Northeastern University - International Business & Strategy

Abstract

We apply the resource-based view of the firm to the study of family firms by investigating how a family specific resource (reciprocal altruism) and a firm specific resource (innovative capacity) contribute to family firm performance. We then examine how the impact of these resources is moderated by strategic planning and technological opportunities. Our findings suggest that family firms can benefit from emphasizing the positive aspects of kinship and from developing innovative capacities. As such, we demonstrate that not only do firm specific resources contribute to family firm performance, but also that family relationships can be a source of competitive advantage for a family firm. In addition, we found a heightened importance of reciprocal altruism in environments rich in technological opportunities, and that strategic planning is more important for those family firms that lack innovative capacities.

Suggested Citation

Eddleston, Kimberly and Kellermanns, Franz W. and Sarathy, Ravi, Resource Configuration in Family Firms: Linking Resources, Strategic Planning and Technological Opportunities to Performance. Journal of Management Studies, Vol. 45, Issue 1, pp. 26-50, January 2008, Available at SSRN: https://ssrn.com/abstract=1082620 or http://dx.doi.org/10.1111/j.1467-6486.2007.00717.x

Kimberly Eddleston (Contact Author)

Northeastern University - Entrepreneurship and Innovation ( email )

Boston, MA 02115
United States

Franz W. Kellermanns

University of Tennessee, Knoxville ( email )

The Boyd Center for Business and Economic Research
Knoxville, TN 37996
United States

University of North Carolina (UNC) at Charlotte ( email )

9201 University City Boulevard
Charlotte, NC 28223
United States

Ravi Sarathy

Northeastern University - International Business & Strategy ( email )

Boston, MA 02115
United States

Do you want regular updates from SSRN on Twitter?

Paper statistics

Downloads
7
Abstract Views
1,291
PlumX Metrics