Facoltà di scienze economiche

Simulating dynamic capabilities and value creation in family firms : Is paternalism an ‘asset’ or ‘liability’?

Chirico, Francesco ; Nordqvist, Mattias ; Colombo, Gianluca ; Mollona, Edoardo

In: Family business review, 2012, vol. 25, no. 3, p. 318-338

The authors conduct a simulation study using system dynamics methods to interpret how and when paternalism affects dynamic capabilities (DCs) and by association value creation in family firms. Their simulation experiments suggest that the effect of paternalism on DCs and value creation varies over time. Initially, increasing levels of family social capital and low levels of paternalism are... Plus

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    Summary
    The authors conduct a simulation study using system dynamics methods to interpret how and when paternalism affects dynamic capabilities (DCs) and by association value creation in family firms. Their simulation experiments suggest that the effect of paternalism on DCs and value creation varies over time. Initially, increasing levels of family social capital and low levels of paternalism are associated with high rates of DCs and value creation accumulation (asset). Later, higher levels of paternalism produce their pressure to decrease DCs, value creation, and family social capital accumulation rates (liability).