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The Development of Organizational Social Capital: Attributes of Family Firms*
Author(s) -
Arregle JeanLuc,
Hitt Michael A.,
Sirmon David G.,
Very Philippe
Publication year - 2007
Publication title -
journal of management studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 4.398
H-Index - 184
eISSN - 1467-6486
pISSN - 0022-2380
DOI - 10.1111/j.1467-6486.2007.00665.x
Subject(s) - social capital , affect (linguistics) , individual capital , social reproduction , business , financial capital , contingency , social mobility , organizational capital , economics , human capital , sociology , economic growth , finance , social science , intellectual capital , linguistics , philosophy , communication
We develop and extend social capital theory by exploring the creation of organizational social capital within a highly pervasive, yet often overlooked organizational form: family firms. We argue that family firms are unique in that, although they work as a single entity, at least two forms of social capital coexist: the family's and the firm's. We investigate mechanisms that link a family's social capital to the creation of the family firm's social capital and examine how factors underlying the family's social capital affect this creation. Moreover, we identify contingency dimensions that affect these relationships and the potential risks associated with family social capital. Finally, we suggest these insights are generalizable to several other types of organizations with similar characteristics.