Family Matters? The Effects of Size and Proximity in the Digital Age

Abstract

The authors of the Exchange article argue that rather than applying to all firms, stakeholders, and situations, our model of stakeholder influence in the digital age does not fit independent, owner-managed small firms dealing with local stakeholders in unfolding/uncertain/crisis situations. We freely acknowledge that we did not have this particular combination of factors in mind when formulating our model. Thus, we welcome the opportunity to explore the implications of the combination of size, proximity, and crises for our model. We conclude that, while further attention to potential limitations of our model is warranted, this particular stylized combination of factors does not substantively bound our model, and is actually largely consistent with it.