Chapter 1: Social capital and family business

2011 ◽  
pp. 1-30
Author(s):  
Ritch L. Sorenson
Keyword(s):  
Social Capital ◽  
Family Business

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

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.

Investigating social capital, trust and commitment in family business: case of media firms

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mehdi Tajpour ◽  
Aidin Salamzadeh ◽  
Yashar Salamzadeh ◽  
Vitor Braga
Keyword(s):  
Social Capital ◽  
Family Business ◽  
Structural Equation ◽  
Family Firms ◽  
Business Development ◽  
Media Industries ◽  
Statistical Population ◽  
Content Type ◽  
Media Firms ◽  
The Impact

PurposeThe purpose of this paper is to investigate social capital's effect on family business development in selected family media firms.Design/methodology/approachThe statistical population includes 100 individuals who run a family business in this industry. Eighty individuals are selected as the research sample through the stratified random sampling method. The data are collected using a questionnaire. The authors used structural equation modelling method for data analysis.FindingsThe results indicate that social capital affects the development of family businesses in media firms. According to the results obtained from the structural equation test, the effect of the relational dimension of social capital on trust and the effect of the cognitive and structural dimensions of social capital on trust are supported, while the effect of the relational dimension of social capital on commitment as well as the effect of the cognitive dimension of social capital on trust are not supported.Practical implicationsThis research could help family firms in media industries improve trust and commitment by paying attention to different aspects of social capital. Besides, it shows that even the impact of relational and cognitive social capital, respectively, on commitment and trust, are not supported; these two could affect trust and commitment, respectively.Originality/valueThe paper is among the first studies that investigate family firms in media industries. Besides, the relationships between relational, cognitive and structural aspects of social capital and trust and commitment are rarely studied in the literature as two determinants of family business development.

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