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Internal and external resources of competitive advantage for small business success: validation across family ownership

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  • Jeffrey M. Campbell
  • Joohyung Park

Abstract

The current study reviews both internally-driven strategic factors such as entrepreneurial orientation and firm capital and externally-driven factors such as social capital and community social responsibility and their effects on business performance across family-owned small businesses. Under a resource-based view of the firm framework, the sample was analysed using structural equation modelling. Results suggested that entrepreneurial orientation, firm capital, and corporate social responsibility reflect a significant positive relationship with business performance. Testing of relationship effects based upon ownership type (family versus non-family owned) showed no significant differences. Implications and future research directions for practitioners and academics were provided.

Suggested Citation

  • Jeffrey M. Campbell & Joohyung Park, 2016. "Internal and external resources of competitive advantage for small business success: validation across family ownership," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 27(4), pages 505-524.
    • Handle: RePEc:ids:ijesbu:v:27:y:2016:i:4:p:505-524
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    Citations

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    Cited by:

    1. Gregorio Sánchez-Marín & Gabriel Lozano-Reina & Mané Beglaryan, 2022. "HRM Policies and SMEs Performance: The Moderating Role of CSR Orientation," Central European Business Review, Prague University of Economics and Business, vol. 2022(1), pages 85-110.
    2. Qianwei Ying & Hazrat Hassan & Habib Ahmad, 2019. "The Role of a Manager’s Intangible Capabilities in Resource Acquisition and Sustainable Competitive Performance," Sustainability, MDPI, vol. 11(2), pages 1-20, January.
    3. Li Xiong, 2022. "Improvise to win: the relationship between entrepreneurial improvisation and start-up competitive advantage," Asian Business & Management, Palgrave Macmillan, vol. 21(2), pages 184-204, April.
    4. Muhammad Sualeh Khattak & Rizwan Ullah, 2021. "The role of entrepreneurial orientation in tangible and intangible resource acquisition and new venture growth," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(6), pages 1619-1637, September.
    5. Omar Radwan Traboulsy, 2023. "The Role of Resource Acquisition in Achieving Sustainable Competitive Performance for SMEs in an Emerging Market: A Moderated Mediation Analysis," Sustainability, MDPI, vol. 15(16), pages 1-21, August.
    6. Hernández-Linares, Remedios & Kellermanns, Franz W. & López-Fernández, María Concepción, 2018. "A note on the relationships between learning, market, and entrepreneurial orientations in family and nonfamily firms," Journal of Family Business Strategy, Elsevier, vol. 9(3), pages 192-204.

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