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

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

Family social capital on public respond to COVID-19 in Indonesia

Background: The Coronavirus Disease 2019 (COVID-19) gave impact on the various sectors, not limited to the health sector. In the other hand, social capital was help Indonesian community from the 1998 crisis. This study was aimed to describe the family social capital on COVID-19 prevention and examine factors contribute to family social capital among Indonesia citizen.Method: Cross-sectional data was derived from community survey conducted in Indonesia (February, 2021). A number of 581 Indonesian citizen aged 18 – 59 years old had participated in this study. Data was collected by using online questionnaire that distributed through social media. Furthermore, univariate, bivariate, and multivariate analysis were carried out in this study.Result: Most of respondent (55%) had high family social capital. The family social capital include (1) education function, (2) protective function, and (3) reinforcement function. They were discussed with their family member about the hazard of COVID-19, health protocol as strategy for COVID-19 prevention, and tried to remind each other to apply health protocol in the daily activities. Furthermore, their family were provide face mask and hand sanitizer for family member as a tool of COVID-19 prevention. Family was the second highest information source (65%) regarding Covid-19 and prevention among family member. In addition, there was a significant association between perception toward health protocol (p = 0.000), vulnerable status (p = 0.044), and economic status (p = 0.000), and family social capital. Community empowerment in the COVID-19 prevention through family social capital was challenging. Conclusion: This study demonstrated that Indonesian community had high family social capital. Moreover, public health expert need to empower family social capital in the COVID-19 prevention.

Adverse Childhood Experiences, Family Social Capital, and Externalizing Behavior Problems: An Analysis Across Multiple Ecological Levels

Some research on childhood adversity is critiqued for emphasizing the experiences of white, middle/upper-middle-class people and not accounting for adversities faced by more diverse populations. Adversities are also often summed up in ways that are unhelpful for targeting interventions to reduce risk of poor outcomes. I examine adversities across ecological levels—child, parent, family, and neighborhood—to determine the risk of externalizing behavior problems (EBP) using a racially diverse sample from the Longitudinal Studies of Child Abuse and Neglect ( N = 1058). I consider whether family social capital can offset the effects of adversity across ecological levels. Longitudinal models indicate that adversities across multiple levels and those at the child, parent, and neighborhood levels increase risk of EBP throughout childhood. Cross-sectional models yield that early family social capital is associated with fewer EBP for children with multiple levels of adversity and at the child, parent, family, and neighborhood levels.

Bonding Family Social Capital and Agency Among Native-Born and Immigrant College Women With Low Parental Financial Support

Using in-depth interviews with 23 immigrant and native-born college women who receive little to no financial support from their parents, this study finds that variation in bonding family social capital shapes how college students perceive financial constraints in their past, present, and future, and how they enact their future plans. Among native-born and immigrant women alike, those with high family social capital tied their motivation to family support and centered their own sense of agency. Students with low family social capital aimed to distance themselves from their families of origin and expressed uncertainty about their ability to reach their future goals. By focusing on students facing similar financial constraints, we provide insight into factors that reproduce inequality among disadvantaged students.

Social Capital and the Higher Education Academic Achievement: Using Cross-Classified Multilevel Models to Understanding the Impact of Society on Educational Outcomes

This article aims to show the influence of social capital on the academic achievement of American students. Using data from Waves I and IV of the National Longitudinal Study of Adolescent to Adult Health (Add Health), this study explored how one of the domains of social capital, the family, makes a difference to educational outcomes in higher education. Cross-classified multilevel models were used to analyze the data to understand the effects of family social capital variables and contexts on academic achievement. In addition, the models examined if gender, race, and parental socioeconomic status influenced the relationship. The findings from this study showed that the effects of family social capital differed for different groups of students and was impacted by the context. This study also found that parental income, education, and employment all affected how family social capital influenced academic achievement.

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

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.

Toward a Theory of Family Social Capital in Wealthy Transgenerational Enterprise Families

Over generations, decaying family social capital is a primary cause of enterprise wealth loss in enterprise families that share ownership of multiple entities and multiple assets. We answer recent calls to uncover the origins of family social capital by studying seven old, wealthy, and large transgenerational enterprise families. We complement existing research on wealth creation through entrepreneurship by offering a deeper understanding of how family social capital is enhanced in transgenerational enterprise families. Our inductive qualitative study finds that enterprise family social capital appears to be enhanced by family governance, family learning, family identity, and physical grounding.

Expanding understanding of family social capital in crowdfunding of migrant entrepreneurial ventures

Purpose The purpose of this study is to understand the role of the migrant entrepreneur’s social capital and specifically their family social capital in the success of their crowdfunding ventures. Design/methodology/approach This paper develops an exploratory single case study of the Persu Bag started by a Chinese migrant entrepreneur in the USA, which was documented through in-depth interviews, email communication, social media interactions and secondary documents publicly available. This paper draws on crowdfunding and social capital literature to fulfil the purpose and adopt the perspective of the migrant entrepreneur in the study. Findings The study shows that the crowdfunding migrant entrepreneur’s family network contributes with their operand and operant resources from both the country of residence and country of origin. Besides having financial capacity, institutional knowledge and experience from both the host and home countries, the family network in both countries make the crowdfunding immigrant entrepreneur’s families more resourceful, providing additional benefits to the crowdfunding migrant entrepreneurs in the development of the campaign and crowdfunded venture. Originality/value This study broadens the understanding of the ways migrant entrepreneurs can rely on their family social capital for building financial capacity and starting a crowdfunded venture.