Family social capital as family business resilience capacity

Author(s):  
Sharon M. Danes ◽  
Kathryn Stafford
2015 ◽  
Vol 5 (2) ◽  
pp. 157-181 ◽  
Author(s):  
Torsten Schmidts ◽  
Deborah Shepherd

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.


2009 ◽  
Vol 22 (3) ◽  
pp. 254-258 ◽  
Author(s):  
Thomas M. Hubler

This is a supplement to the paper “The Family Point of View, Family Social Capital, and Firm Performance: An Exploratory Test.” The paper explores, from a practitioner’s perspective the emergence of the family point of view and defines the soul of family business. The paper also explores how a family can nurture dialog so as to create the expression of family values which may be achieved through creation of a Common Family Vision, commitment to building the emotional equity of the family, and a common communication framework that supports the discussion necessary for emergence of the family point of view.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Claudia Benavides-Salazar ◽  
Cristina Iturrioz-Landart ◽  
Cristina Aragón-Amonarriz ◽  
Asunción Ibañez-Romero

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.


Author(s):  
G. Prymachonak

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.


2021 ◽  
Author(s):  
Nesrine Khazami ◽  
Zoltan Lakner

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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