Is non-family social capital also (or especially) important for family firm performance?

This article reports on a study investigating the effects of both family and non-family social capital on firm performance. Specifically, we contend that non-family social capital has a stronger effect on firm performance than family social capital and it also serves as a mediator between family soc...

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Veröffentlicht in:Human relations (New York) 2015-11, Vol.68 (11), p.1713-1743
Hauptverfasser: Sanchez-Famoso, Valeriano, Akhter, Naveed, Iturralde, Txomin, Chirico, Francesco, Maseda, Amaia
Format: Artikel
Sprache:eng
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Zusammenfassung:This article reports on a study investigating the effects of both family and non-family social capital on firm performance. Specifically, we contend that non-family social capital has a stronger effect on firm performance than family social capital and it also serves as a mediator between family social capital and firm performance. Using a sample of 172 Spanish family firms that includes two respondents per firm, we test a structural model that confirms our hypotheses. Our results extend the understanding of social capital beyond family firms by exploring both family- and non-family-based social relationships in a context in which social factors are predominant.
ISSN:0018-7267
1741-282X
1741-282X
DOI:10.1177/0018726714565724