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Understanding the Impact of Family Firms Through Social Capital Theory: A South American Perspective

Author

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  • Abel Duarte Alonso

    (Curtin University)

  • Seng Kok

    (Liverpool John Moores University)

  • Seamus O’Brien

    (Liverpool John Moores University)

Abstract

This exploratory study investigates the impact of family firms as a product of their contributions, and proposes a framework, which associates these with the adopted social capital theory. Interviews with owners of six firms operating in three different South American countries not only revealed the more familiar contributions of creating employment and instilling values, but also through business opportunities, growth, a sense of community and increasing knowledge. Aligned with various dimensions of social capital theory, several observable premises emerged, for instance, through the creation of value gained from developing links between individuals, developing local niches, or reciprocity.

Suggested Citation

  • Abel Duarte Alonso & Seng Kok & Seamus O’Brien, 2020. "Understanding the Impact of Family Firms Through Social Capital Theory: A South American Perspective," Journal of Family and Economic Issues, Springer, vol. 41(4), pages 749-761, December.
    • Handle: RePEc:kap:jfamec:v:41:y:2020:i:4:d:10.1007_s10834-020-09669-w
    DOI: 10.1007/s10834-020-09669-w
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    References listed on IDEAS

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    Cited by:

    1. Yosra Mani & Lassaad Lakhal, 2023. "Internal social capital and entrepreneurial orientation in family firms: A double-edged sword," Journal of International Entrepreneurship, Springer, vol. 21(4), pages 505-549, December.
    2. Bargoni, Augusto & Alon, Ilan & Ferraris, Alberto, 2023. "A systematic review of family business and consumer behaviour," Journal of Business Research, Elsevier, vol. 158(C).
    3. Nikola Rosecká & Ondřej Machek, 2023. "How Relational Conflict Harms Family Firm Performance: The Mediating Role of Family Social Capital and the Moderating Role of Family Ownership," Journal of Family and Economic Issues, Springer, vol. 44(4), pages 854-869, December.

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