Sirmon
and Hitt (2003) propose that family firms have five
unique resources that provide them with potential
advantages over nonfamily firms; these resources are
human capital, social capital, patient capital, survivability
capital, and the governance structure attribute.
Dyer (2006) highlights four resources of family firms
that may influence the family effect: human capital,
social capital, family branding, and physical/financial
capital. In this study, three capabilities of small family
firms are discussed: the overlapping responsibility of
owners and managers, the sustained presence of family
shareholders, and entrepreneurship.
Sirmonand Hitt (2003) propose that family firms have fiveunique resources that provide them with potentialadvantages over nonfamily firms; these resources arehuman capital, social capital, patient capital, survivabilitycapital, and the governance structure attribute.Dyer (2006) highlights four resources of family firmsthat may influence the family effect: human capital,social capital, family branding, and physical/financialcapital. In this study, three capabilities of small familyfirms are discussed: the overlapping responsibility ofowners and managers, the sustained presence of familyshareholders, and entrepreneurship.
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