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Keys to the Survival of the Family Firm: Long-Lived Family Firms

Keys to the Survival of the Family Firm: Long-Lived Family Firms
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Author(s): César Camisón (University of Valencia, Spain) and José Antonio Moreno (EDEM University, Spain)
Copyright: 2022
Pages: 27
Source title: Research Anthology on Strategies for Maintaining Successful Family Firms
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-6684-3550-2.ch005

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Abstract

The purpose of this research is to carry out an in-depth exploration of the causes of the family firm's success over short and long term, analysing which capabilities are the most valuable sources of sustainable competitive advantage in every time horizon. The results confirm only functional capabilities have a positive and significant effect on short-term economic performance, whereas dynamic capabilities are the only ones that have a positive and significant impact on long-term economic performance.

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