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Determinants of rural and urban family firm resilience

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  • Brewton, Katherine E.
  • Danes, Sharon M.
  • Stafford, Kathryn
  • Haynes, George W.

Abstract

Data from 311 rural and urban family firms from the National Family Business Panel (NFBP) were used to investigate the relative contributions of human, social, and financial capital resources, normative and non-normative disruptions, and federal disaster assistance on family firm resilience. Results indicate that the sets of social capital and disruption variables were significantly and negatively related to firm resilience for rural firms, while perceiving the business as a way of life was significantly and positively related to firm resilience for urban firms. Federal disaster assistance was negatively related to firm resilience for both rural and urban firms. Additional findings, conclusions, and implications of findings are discussed.

Suggested Citation

  • Brewton, Katherine E. & Danes, Sharon M. & Stafford, Kathryn & Haynes, George W., 2010. "Determinants of rural and urban family firm resilience," Journal of Family Business Strategy, Elsevier, vol. 1(3), pages 155-166, September.
    • Handle: RePEc:eee:fambus:v:1:y:2010:i:3:p:155-166
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    References listed on IDEAS

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    1. David G. Sirmon & Michael A. Hitt, 2003. "Managing Resources: Linking Unique Resources, Management, and Wealth Creation in Family Firms," Entrepreneurship Theory and Practice, , vol. 27(4), pages 339-358, October.
    2. Timothy G. Habbershon, 2006. "Commentary: A Framework for Managing the Familiness and Agency Advantages in Family Firms," Entrepreneurship Theory and Practice, , vol. 30(6), pages 879-886, November.
    3. Winter, Mary & Danes, Sharon M. & Koh, Sun-Kang & Fredericks, Kelly & Paul, Jennifer J., 2004. "Tracking family businesses and their owners over time: panel attrition, manager departure and business demise," Journal of Business Venturing, Elsevier, vol. 19(4), pages 535-559, July.
    4. Olson, Patricia D. & Zuiker, Virginia S. & Danes, Sharon M. & Stafford, Kathryn & Heck, Ramona K. Z. & Duncan, Karen A., 2003. "The impact of the family and the business on family business sustainability," Journal of Business Venturing, Elsevier, vol. 18(5), pages 639-666, September.
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    Keywords

    Rural Urban Resilience Family firms;

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