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...

This present research aims at investigating how “knowledge-related human capital” can be accumulated, i.e. created, shared and transferred, in family business over time. “Knowledge-related human capital” is viewed as pure knowledge and skill which family members have gained and developed...

Understanding the forces that support and inhibit product development (PD) in family firms is central to explaining their long-term success and survival. Our study reveals that social capital and relational conflict among family members do not affect PD directly, as existing theory suggests, but...