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

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 thre...

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Bibliographic Details
Published inEntrepreneurship theory and practice Vol. 32; no. 6; pp. 979 - 998
Main Authors Sirmon, David G., Arregle, Jean-Luc, Hitt, Michael A., Webb, Justin W.
Format Journal Article
LanguageEnglish
Published Malden, USA Blackwell Publishing Inc 01.11.2008
SAGE Publications
SAGE PUBLICATIONS, INC
Subjects
Business administration
Business management
Business practices
Economics and Finance
Entrepreneurship
Family firms
Family owned businesses
Globalization
Humanities and Social Sciences
Internationalization
Organizational effectiveness
R&D
Research & development
Research and development
Strategic management
Studies
Threats
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Summary: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.
Bibliography:ark:/67375/WNG-GSS41N1B-Q
ArticleID:ETAP267
istex:E0506D8941C8FDC449862DB28329BA46BF2E7B49
ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:1042-2587
1540-6520
DOI:10.1111/j.1540-6520.2008.00267.x