Strategic Divestments in Family Firms: Role of Family Structure and Community Culture
研究了家族企业剥离决策中，家族结构（如价值观）和社区文化如何影响剥离惰性，帮助理解家族企业资源调整的障碍。
Timely acquisition and divestment of resources is essential for sustaining the competitive advantage and longevity of family firms. A combination of past successes, emotional attachments, and path dependencies can lead to extensive inertia toward divestment in these firms. This article develops a framework to understand the influence of community culture and family structure on divestment decisions in family firms. Propositions on the varying levels of inertia to divest—depending on the values held by the owning family and the culture prevailing in their community—are developed. Research and practical implications are discussed.