Family Social Capital in Family Businesses: A Stocks and Flows Investigation

2013 ◽  
Vol 62 (3) ◽  
pp. 399-414 ◽  
Author(s):  
Clinton G. Gudmunson ◽  
Sharon M. Danes
Keyword(s):  
Social Capital ◽  
Family Businesses ◽  
Family Social Capital ◽  
Stocks And Flows

scholarly journals Family social capital and governance of family businesses: The emerging market evidence

2022 ◽  
Vol 5 (2, special issue) ◽  
pp. 225-232
Author(s):  
Nada Moufdi ◽  
Ali Mansouri
Keyword(s):  
Social Capital ◽  
Cultural Context ◽  
Family Firms ◽  
Emerging Market ◽  
Family Businesses ◽  
Three Dimensions ◽  
Governance Mechanisms ◽  
Governance System ◽  
Family Social Capital ◽  
The Family

Considered as the most dominant business form in the entrepreneurial fabric in Morocco, as in the majority of countries in the world (Salhi, 2017), the family business is distinguished by a family social capital (FSC) making it competitive and perennial (Mesfar & Ben Kahla, 2018). This paper aims to analyze the influence of this capital, through its three dimensions — structural, relational, and cognitive — on the governance system of Moroccan family firms. The results of our exploratory study conducted among 30 family businesses in the form of interviews showed, on the one hand, that the existence of a strong FSC within the company makes its governance system based on informal family mechanisms. On the other hand, the weakness of the said capital has not led the companies that are the subject of our study to adopt formal corporate governance mechanisms as shared by several researchers. This is due, according to the interviewees, to socio-cultural considerations. Our results contribute to the enrichment of the literature while showing that the informality of governance mechanisms can be explained, not only by the strength of its FSC but also by such a socio-cultural context where the family model is of a communal and clan type welded by Islamic religious values of group cohesion

Social identity and family business: exploring family social capital

2015 ◽  
Vol 5 (2) ◽  
pp. 157-181 ◽  
Author(s):  
Torsten Schmidts ◽  
Deborah Shepherd
Keyword(s):  
Social Capital ◽  
Social Identity ◽  
Family Business ◽  
Social Identity Theory ◽  
Identity Theory ◽  
Family Members ◽  
Content Type ◽  
Family Social Capital ◽  
The Family ◽  
The Impact

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.

The role of entrepreneurial families in entrepreneurial ecosystems: the family social capital approach

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Claudia Benavides-Salazar ◽  
Cristina Iturrioz-Landart ◽  
Cristina Aragón-Amonarriz ◽  
Asunción Ibañez-Romero
Keyword(s):  
Social Capital ◽  
Design Methodology ◽  
Content Type ◽  
Entrepreneurial Ecosystems ◽  
Family Social Capital ◽  
The Family ◽  
Depth Interviews ◽  
Entrepreneurial Dynamics

Purpose This paper aims to investigate how entrepreneurial families (EFs) influence the development of entrepreneurial ecosystems (EEs) by using the family social capital (FSC) approach. Design/methodology/approach For this paper, the authors analyzed the Manizales EE as a case study. The authors used a variety of data collection procedures, including in-depth interviews with 26 entrepreneurs and mentors. Findings The authors established how EFs affect EE development, identifying how the FSC bridging mechanisms impact the EE’s social and cultural attributes, boosting entrepreneurial dynamics. Originality/value The results indicated the relevance of EFs’ embeddedness and the degree of the FSC institutionalization in promoting of entrepreneurship within the EEs.

scholarly journals EVOLUTIONARY AND INSTITUTIONAL GROUNDS, WHICH HAVE CHANGED THE ROLE AND FUCTIONS OF A FAMILY IN MODERN BELARUSSIAN SOCIETY

2020 ◽  
pp. 19-29
Author(s):  
G. Prymachonak
Keyword(s):  
Social Capital ◽  
Family Relations ◽  
Diffuse Type ◽  
Cultural Economic ◽  
Legal Entity ◽  
Family Social Capital ◽  
Development Trajectory ◽  
Welfare Family ◽  
Qualitative Characteristics

This article presents the generalization of the historical and institutional patterns of development of a family as a complex multifunctional diffuse type of organization. Family’s main functions (social, cultural, economic and ideological) and qualitative characteristics (subject of law, value of family social capital, dynastic continuity of traditions, welfare, family property’s dimension, consolidation of family power, and trust within family relations) are revealed. The research defined the outline and consequences of a formed institutional fracture (diametrical change of development trajectory). To reduce this fracture, the measures are suggested, which consist of refinement of rights and obligations of a family and its members as a subject, based on juridical reinforcement of a specific type of legal entity.

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