Determinants of family business resilience after a natural disaster by gender of business owner

Sharon M. Danes, Jinhee Lee, Sayali Amarapurkar, Kathryn Stafford, George Haynes, Katherine E. Brewton

Research output: Contribution to journalArticlepeer-review

48 Scopus citations

Abstract

Using National Family Business Panel data combined with national natural disaster and federal disaster assistance data, the purpose of the study was to investigate relative contributions of human, social and financial capital; natural disaster exposure; and federal disaster assistance to business-owning family resilience over time for male and female family business owners. With a theoretical foundation of Sustainable Family Business and Conservation of Resources theories, the study examined 311 small family firms from the National Family Business Panel. Federal disaster assistance explained a significant amount of variance in firm-owning resilience. Higher levels of federal disaster assistance were associated with lower family firm resilience for male-owned businesses and higher family firm resilience for female-owned businesses. This study advances knowledge of firm sustainability after natural disasters by adding to the conceptualization and measurement of family firm resilience; by having baseline firm financial data prior to disaster exposure; by utilizing a national, representative, longitudinal family firm sample; by including a range of natural disasters and federal disaster assistance; and by including family resilience over time.

Original languageEnglish (US)
Pages (from-to)333-354
Number of pages22
JournalJournal of Developmental Entrepreneurship
Volume14
Issue number4
DOIs
StatePublished - Dec 1 2009

Keywords

  • Family business resilience
  • Federal disaster assistance
  • Sustainable Family Business Theory (SFBT)

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