The DOI matches its Crossref record; 71 of the 71 references it cites were found in a registry or an index.
Corporate Governance and Competitive Advantage in Family–Controlled Firms
Abstract
Recent attempts to identify the basis of family–controlled firms’ competitive advantage have drawn upon the resource–based view of the firm. This article supplements these efforts and advances the argument that family–controlled firms’ competitive advantage arises from their system of corporate governance. Systems of corporate governance embody incentives, authority patterns, and norms of legitimation that generate particular organizational propensities to create competitive advantages and disadvantages. For comparative purposes, the characteristics of managerial, alliance, and family governance are reviewed. The impact of a family's control rights over a firm's assets generates three dominant propensities (parsimony, personalism, and particularism). These propensities give advantages in scarce environments, facilitate the creation and utilization of social capital, and engender opportunistic investment processes. The experience of family–controlled firms in emerging markets is drawn upon to illustrate the argument.
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Cites
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Cited by
Berrone, P., Cruz, C., & Gomez-Mejia, L. R. (2012) · Family Business Review · doi:10.1177/0894486511435355 · Cited by 2,724
Family Involvement, Family Influence, and Family–Centered Non–Economic Goals in Small Firms
Chrisman, J. J., Chua, J. H., Pearson, A. W., & Barnett, T. (2012) · Entrepreneurship Theory and Practice · doi:10.1111/j.1540-6520.2010.00407.x · Cited by 1,248
Dimov, D., & Forster, W. (2011) · In Search of Research Excellence · doi:10.4337/9781849807630.00021 · Cited by 893
Zellweger, T. M., Kellermanns, F. W., Chrisman, J. J., & Chua, J. H. (2012) · Organization Science · doi:10.1287/orsc.1110.0665 · Cited by 832
Why Do Family Firms Strive for Nonfinancial Goals? An Organizational Identity Perspective
Zellweger, T. M., Nason, R. S., Nordqvist, M., & Brush, C. G. (2013) · Entrepreneurship Theory and Practice · doi:10.1111/j.1540-6520.2011.00466.x · Cited by 734
Metadata
- Authors
- Carney, M.
- Venue
- Entrepreneurship Theory and Practice
- Publisher
- SAGE Publications
- Published
- 2005-05
- Volume
- 29
- Issue
- 3
- Pages
- 249-265
- ISSN
- 1042-2587 (ISSN-L)
- 1540-6520
- OpenAlex
- W2164383382
- Cited by
- 1,508
- References
- 71
- FWCI
- 29.73
- Type
- journal article
- Language
- en
- Open access
- closed
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
