Family Business Sustainability: The Intergenerational Transfer of Social Capital and Network Contacts

Purpose – The purpose of this paper is to use social identity theory to explore factors that contribute to the development of family social capital. Effects are investigated both for the family and the business. Design/methodology/approach – A single in-depth case study focussing on the family unit was coducted within a fourth-generation family business involved in the arts retailing. Findings – The findings suggest that social identity theory is a useful lens to explore the development of family social capital. The six themes identified highlight that there is a normative and an affective dimension, leading to family members’ desire to uphold the status of the business. Evidence suggests that the normative factors may be both positively and negatively related to the development of family social capital, due to their potentially restrictive nature. Originality/value – The paper’s findings imply that social identity can contribute to understanding family dynamics. Evidence highlights various factors for family members that are not involved in the family business to uphold its status. This is attributed to the emotional significance of the business to the family’s identity. Furthermore, this paper suggests that the strong focus on norms and values, which developed gradually, may have adverse effects on the identification with the business and the willingness to uphold its status. Propositions are offered to provide guidance for future research to investigate this controversial evidence regarding the impact of value orientation on family social capital.

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Family Business - Sustainability Model

Acta Oeconomica Pragensia ◽

10.18267/j.aop.627 ◽

2020 ◽

Vol 27 (3-4) ◽

pp. 45-60

Author(s):

Petr Svoboda

Keyword(s):

Family Business ◽

Business Sustainability ◽

Sustainability Model

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The Development of Social Capital in Different life Cycles of Tunisian Agritourism Entrepreneur

10.21203/rs.3.rs-646056/v1 ◽

2021 ◽

Author(s):

Nesrine Khazami ◽

Zoltan Lakner

Keyword(s):

Social Capital ◽

Risk Analysis ◽

Family Business ◽

Concept Formation ◽

Life Cycles ◽

Remote Areas ◽

Phases Of Development ◽

Early Phases

Abstract The role of social capital in the early phases of development of a family business is well documented, but the dynamism of the entrepreneur's social capital in the agritourism business remains is relatively lesser studied area. The current research on an inductive, exploratory, and qualitative base aims to uncover the place and role of social capital in the establishment of agritourism enterprise, from concept formation to stabilisation. Results of the study highlight the importance of governmental help in financial and networking help for launching the enterprise especially in remote areas, where these additional activities are relatively lesser known. The role of the network is relatively weak in the risk analysis of the business. This fact enhances the vulnerability of enterprises.

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Family social capital as family business resilience capacity

Family Business and Social Capital ◽

10.4337/9781849807388.0007 ◽

2011 ◽

Cited By ~ 1

Author(s):

Sharon M. Danes ◽

Kathryn Stafford

Keyword(s):

Social Capital ◽

Family Business ◽

Family Social Capital ◽

Business Resilience ◽

Resilience Capacity

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Chapter 7: Family social capital as family business resilience capacity

Family Business and Social Capital ◽

10.4337/9781849807388.00018 ◽

2011 ◽

pp. 79-105 ◽

Cited By ~ 5

Author(s):

Sharon M. Danes ◽

Kathryn Stafford

Keyword(s):

Social Capital ◽

Family Business ◽

Family Social Capital ◽

Business Resilience ◽

Resilience Capacity

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Chapter 1: Social capital and family business

Family Business and Social Capital ◽

10.4337/9781849807388.00010 ◽

2011 ◽

pp. 1-30

Author(s):

Ritch L. Sorenson

Keyword(s):

Social Capital ◽

Family Business

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Developing Capabilities for Sustainability in Family Small Enterprises

10.4018/978-1-6684-3550-2.ch026 ◽

2022 ◽

pp. 583-600

Author(s):

Ben Akume ◽

Osarumwense Iguisi

Keyword(s):

Family Business ◽

Business Environment ◽

Family Businesses ◽

Business Success ◽

Small Enterprises ◽

Stewardship Theory ◽

Business Sustainability ◽

Advanced Economies ◽

Medium Businesses ◽

Depth Interviews

Though literature in family perpetuity and sustainability is well documented from the advanced economies, there is scarcity of insights from emerging markets where this research relates. The study, therefore, sought to investigate, understand, and interpret the underlying drivers of sustainability in small family businesses using the stewardship theory paradigm in the Nigerian family business environment. A qualitative method with 41 in-depth interviews involving owners and managers of family-owned small and medium businesses was conducted. The study empirically shows that there is an interrelationship between family structure and business sustainability; hence, the practice of polygamy was found to be inimical to family business success and sustainability. Building on the stewardship theory, the paper develops a model of sustainability for small and medium family businesses. The study contributes to the theoretical literature on stewardship and family business sustainability.

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