Analyzing the external social capital of family firms

Herrero, I.; Hughes, M.; Larrañeta, B.

Abstract

We examine an important yet overlooked aspect in research on social capital: the familial bonding that interorganizational relations may hold. We argue that the social identity of a family member is likely to reframe how they behave within social relations and towards actors outside the firm that are within or not within the family, changing the conditions for trust, knowledge exchange, and value creation. Drawing on a family and nonfamily classification of interorganizational relations, we examine: 1) theoretically and empirically the extent to which relationships with family members located in other related firms, which we define as external family social capital (EFSC), affect firm performance; (2) its interaction with relationships with members of other firms not bearing a family connection, referred to as external organizational social capital (EOSC); and (3) the varying levels of trust required to extract value from EFSC and EOSC.

Citation

Herrero, I., Hughes, M., & Larrañeta, B. (2016, June). Analyzing the external social capital of family firms. Presented at EURAM 2016 - European Academy of Management (EURAM) Conference., Paris, France

• Presentation Conference Type: Conference Paper (published)
• Conference Name: EURAM 2016 - European Academy of Management (EURAM) Conference.
• Start Date: Jun 1, 2016
• End Date: Jun 4, 2016
• Acceptance Date: Mar 15, 2016
• Publication Date: Jun 4, 2016
• Deposit Date: Apr 13, 2016
• Publicly Available Date: Jun 6, 2016
• Series ISSN: 2466-7498
• Public URL: https://durham-repository.worktribe.com/output/1150569
• Publisher URL: http://www.euram-online.org/annual-conference-2016.html
• Additional Information: Conference dates: 1-4 June 2016