Analyzing the external social capital of family firms

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

Analyzing the external social capital of family firms

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

Authors

I. Herrero

M. Hughes

B. Larrañeta

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). Analyzing the external social capital of family firms.

Conference Name	EURAM 2016 - European Academy of Management (EURAM) Conference.
Conference Location	Paris, France
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