Family Capital in Family Businesses

Family capital is all social, human, and financial capital a family has at their disposal in the family to advance the business. Family capital is the pool of resources unique to family business and it has the potential for family businesses to gain competitive advantage over nonfamily businesses in today's competitive landscape. To advance the knowledge about strategic management in family businesses, this chapter reviews quantitative empirical work on each dimension of family capital and concludes that the field is still in its infancy. Most studies concentrate on (a part of) social capital, a few on human capital, and very few on all three dimensions. The review of the literature describes avenues for further research on family capital.

Celebrity Couples as Business Families: A Social Network Perspective

We depict Hollywood celebrity couples as business families who participate in the project-based movie production industry, which is a temporary and disaggregated form of organization where skilled individuals are linked to one another through contractual and social relationships. Appearing in Hollywood movies generates celebrity capital, which can be converted into economic capital through involvement in endorsements and other rent-generating activities. Finding projects is facilitated by membership in high-quality social networks, and we consider celebrity marriage as a means of merging two individuals’ social networks, which can be mutually beneficial for both parties. We develop and test three hypotheses about the quality of social networks prior to and after marriage and analyze their impact upon celebrities’ postmarriage career performance. We contribute to the family business literature by exploring hybridized and adaptive forms of business family in contemporary project industries, which has the potential to enlarge family business scholars’ research horizons.

INTRODUÇÃO AO CONCEITO FAMÍLIA EMPRESÁRIA / INTRODUCTION TO THE FAMILY BUSINESS CONCEPT

Quem constitui a família empresária? A resposta a esta questão está por encontrar. Da aceitação da definição de família empresária irá depender a evolução do negócio familiar, a liderança e sucessão da família ou a divisão da herança. Através da revisão de literatura, com recurso aos conceitos de campo, habitus e capital simbólico, apresenta-se uma proposta exploratória de tipologia de família empresária. Esta aponta para um sistema aberto, intergeracional, com um perímetro de geometria variável, com fluxos de entrada e de saída no sistema, seja por causas naturais ou por razões de ordem social. Assim, são geradas combinatórias sempre originais, podendo torná-la potencialmente disfuncional e geradora de conflitos intermembros e/ou intraclãs. Logo, percebe-se a existência de um espaço social específico, relativamente autónomo, com regras de funcionamento, objetivos e interesses específicos. Answering the question "Who constitutes the family business?" is not found yet. According to the acceptance of a definition of family business it will depend the evolution of family business, leadership, succession in the family or the division of inheritance. Through literature review, using concepts as field of investigation, habitus and symbolic capital, an exploratory proposal of typology of business family is presented. This proposal points to an open, intergenerational system with a variable geometry perimeter. This perimeter includes an input and output flows system, either for natural reasons or for social reasons. Thus, we have the generation of original combinations, which can be potentially dysfunctional and generating inter or intra clan conflicts. Hence, we understand the existence of a specific social space, relatively autonomous, with specific rules of operation, objectives and interests. JEL: D02; D21; D23; Z13 <p> </p><p><strong> Article visualizations:</strong></p><p><img src="/-counters-/edu_01/0778/a.php" alt="Hit counter" /></p>

Striving for balance: women entrepreneurs in Brazil, their multiple gendered roles and Covid-19

Purpose This paper aims to explore how women entrepreneurs in Brazil are managing their businesses and gendered role expectations at home in the context of Covid-19. Using the lenses of business-family interface theoretical construct, the paper seeks to explain how women are navigating the business and family commitments in the pandemic context. Design/methodology/approach This paper adopts the interpretivist approach using Gioia methodology and 13 individual semi-structured interviews with women entrepreneurs in Rio De Janeiro, Brazil. Findings The findings demonstrate that women implement numerous strategies including reliance on social relationships within the family, and externally, to manage the home-business expectations. The findings also reveal entrepreneurial resilience and adaptability in the face of a crisis that marks how women entrepreneurs navigate challenges in their entrepreneurial journeys. Originality/value This paper contributes to the gender and entrepreneurship literature by giving greater visibility to women entrepreneurs in developing society in the context of the pandemic. This paper also demonstrates how negotiating gender roles can empower women entrepreneurs to challenge gendered norms.

Preaching to Social Media: Turkey’s Friday Khutbas and Their Effects on Twitter

In this study I analyse through machine learning the content of all Friday khutbas (sermons) read to millions of citizens in thousands of Mosques of Turkey since 2015. I focus on six non-religious and recurrent topics that feature in the sermons, namely business, family, nationalism, health, trust, and patience. I demonstrate that the content of the sermons respond strongly to events of national importance. I then link the Friday sermons with ~4.8 million tweets on these topics to study whether and how the content of sermons affects social media behaviour. I find generally large effects of the sermons on tweets, but there is also heterogeneity by topic. It is strongest for nationalism, patience, and health and weakest for business. Overall, these results show that religious institutions in Turkey are influential in shaping the public’s social media content and that this influence is mainly prevalent on salient issues. More generally, these results show that mass offline religious activity can have strong effects on social media behavior.

Food Festival Exhibitors’ Business Motivation

This paper aims to present the motivation of exhibitors participating in food festivals to establish and run a business. The conducted research is an attempt to fill the gap in research on exhibitors who participate in food festivals. During three different Polish culinary festivals, 58 in-depth interviews with exhibitors were conducted. Based on the research, the main startup business motives were identified. The current goals of exhibitors’ participation in culinary festivals were also analyzed. Based on the list of motives and goals, three groups of exhibitors were distinguished with similar characteristics (starting own business, continuation of family traditions, and culinary interest). The study also takes into account the changes that have occurred between the startup’s business motives and the goals of participation in the festival (“business-business”, “business-business-business-family”, and “business-passion-passion-business”). The comparison of the initial motives for setting up a business with the current goals of participating in food festivals shows that, regardless of the initial motives, the exhibitors currently focus on business goals.

Emerging infrastructures: the politics of radium and the validation of radiotherapy in India’s first tertiary cancer hospital

This article traces the history of India’s first tertiary cancer hospital, Tata Memorial Hospital (TMH). TMH was originally conceived in 1932 as a philanthropic project by the Tatas, an elite Parsi business family in Bombay. The founding of TMH represented a form of philanthro-capitalism which both enabled the Tatas to foster a communal acceptance for big businesses in Bombay and provide the Tatas with the opportunity to place stakes in the emerging nuclear research economy seen as essential to the scientific nationalist sentiment of the post-colonial state. In doing this, the everyday activities of TMH placed a heavy emphasis on nuclear research. In a time when radium for the treatment of cancer was still seen as ‘quackery’ in much of the world, the philanthro-capitalist investment and the interest in nuclear research by the post-colonial state provided an environment where radium medicine was able to be validated. The validation of radiotherapy at TMH influenced how other cancer hospitals in India developed and also provided significant resources for cancer research in early-mid twentieth century India. Ultimately, this article identifies ways in which cancer comes to be seen as relevant in the global south and raises questions on the relationship between local and global actors in setting health priorities.