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Social Capital, Entrepreneurship, and Family Businesses

In: Family Entrepreneurship

Author

Listed:
  • G. Tyge Payne

    (Area of Management, Texas Tech University)

  • Nathan T. Hayes

    (Area of Management, Texas Tech University)

Abstract

This chapter addresses the issue of entrepreneurship in family businesses (and business-owning families) through the lens of social capital, which generally represents the value embedded in the social relationships of individuals or collectives. We discuss how social networks can be utilized to develop and sustain entrepreneurship in family businesses by providing conduits for social capital in the form of information, knowledge, financial capital, and other resources. Some practical examples are given that may help families and family business leaders foster an environment that builds and supports the pursuit of opportunities.

Suggested Citation

  • G. Tyge Payne & Nathan T. Hayes, 2021. "Social Capital, Entrepreneurship, and Family Businesses," Springer Books, in: Matt R. Allen & William B. Gartner (ed.), Family Entrepreneurship, chapter 24, pages 331-344, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-66846-4_24
    DOI: 10.1007/978-3-030-66846-4_24
    as

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