Open AccessComposition of familiness: Perspectives of social capital and open systems
Author(s) -
Myriam CanoRubio,
Guadalupe Fuentes-Lombardo Fuentes-Lombardo,
María Jesús Hernández Ortiz,
Manuel Carlos Vallejo Martos
Publication year - 2016
Publication title -
european journal of family business
Language(s) - English
Resource type - Journals
eISSN - 2444-8788
pISSN - 2444-877X
DOI - 10.24310/ejfbejfb.v6i2.5020
Subject(s) - family business , social capital , perspective (graphical) , composition (language) , business , component (thermodynamics) , marketing , economic geography , industrial organization , classical economics , knowledge management , economics , sociology , computer science , social science , artificial intelligence , linguistics , philosophy , physics , thermodynamics
The literature has usually omitted family factors from the development of strategic models of family firms. These businesses have instead been analysed using traditional models and this has led to divergent results about their performance. This paper considers the overlap of family, business, and individuals in producing the concept of familiness – whose composition is approached from the perspective of social capital and open systems. This approach bridges the research gap regarding the composition of familiness (which has been traditionally measured as an indicator of the implication of the family in the business) and the component and essence approaches to family business are compared.