The way forward to promote the dynamic resources of family businesses to achieve SDGs: the mediating role of sustainability performance

Purpose - The dynamic capabilities (DCs) of family firms help to respond to dynamic business environments. Presently, few studies have examined how DCs of family firms could achieve SDGs, especially in the context of economic, social and environmental performance. As such, the present research tries to investigate how DCs of family firms could help to achieve better SDG performance with the mediating role of the firms' sustainable performance.Design/methodology/approach - Sustainable development goals (SDGs) are designed to achieve a more sustainable and better future for everyone on the planet. Different types of firms are expected to initiate efforts to contribute to these SDGs. Family businesses are key actors in this regard. With the dynamic capability view (DCV) as well as with the knowledge of stakeholder theory as well as with the support of extant literature, a model was prepared that was tested by CB-SEM technique to analyze the responses of 317 respondents.Findings - This research found that the DCs of these businesses have a significant impact on their SDG performance. The study highlights that family firms are lagging in their reconfiguring capabilities regarding environmental and social performance, so it is a challenging task for family firms to improve on this aspect.Research limitations/implications - This study deals with cross-sectional data. Therefore, its findings may not be generalizable. Additionally, this study does not address rival or alternative models, which could be seen as a limitation. Furthermore, because the analysis is based on feedback collected from a single geographic region, they may not be universally applicable to other areas.Originality/value - This study has contributed to the prevailing body of knowledge on family business, sustainable development, firm performance, as well as dynamic resources. The highlights of this study can be used by the entrepreneurs, policymakers, as well as future researchers to further extend this study. Further, this study is also unique as it establishes the importance of the sustainable performance of family businesses with dynamic resources and could also be related to disruptive innovation for family businesses to achieve sustainable performance and to meet the sustainable development goals.