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What is Family Firm Success

Chapter 10
Competitiveness, Organizational Management, and Governance in Family Firms
The success of a family business depends on the degree to which the company satisfies the expectations and needs of its founders and current owners and, at the same time, meets the conditions of economic logic required for competition in the markets.
Published in Chapter:
Keys to the Survival of the Family Firm: Long-Lived Family Firms
César Camisón (University of Valencia, Spain) and José Antonio Moreno (EDEM University, Spain)
Copyright: © 2020 |Pages: 26
DOI: 10.4018/978-1-7998-1655-3.ch010
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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