Dynamic familiness capabilities and family business growth: A longitudinal perspective framed within management accounting

This paper examines how dynamic capabilities evolve in relation to familiness resources in order to facilitate family business growth and the way the context underpins dynamic capabilities in the family business. Drawing on an abductive research logic, it explores through a longitudinal in-depth case study and document analysis the way that dynamic capabilities and familiness resources have been deployed by a Greek-owned international shipping company over a twenty-five-year period. The findings highlight the influences exerted by the controlling family on the searching, seizing, and reconfiguring processes within management accounting to enable the reconfiguration of familiness resources in the firm across the dimensions of product strategy, governance, networking and staffing, and financing. These reconfigurations are essential in facilitating company development throughout critical growth junctures. We provide theoretical extensions to the resource-based view (RBV) through an integration of the concept of familiness and dynamic capability view, contextualized theorization, and temporal theorization.

Automated summary

This paper examines the evolution of dynamic capabilities in relation to familiness resources in family businesses, focusing on a Greek-owned international shipping company over a twenty-five-year period. The findings highlight the influences of the controlling family on management accounting processes, enabling the reconfiguration of familiness resources crucial for company development at critical growth junctures. The study provides theoretical extensions by integrating the concept of familiness and dynamic capability view into the resource-based view (RBV) framework.