Factors influencing the stocks and flows of bonding social capital in family firms

Daniela Montemerlo and Pramodita Sharma

International Journal of Entrepreneurial Venturing, 2010, vol. 2, issue 3/4, 246-261

Abstract: Drawing upon social capital and network theories, this article presents a conceptual framework of factors that influence the building of internally focused bonding form of social capital, in the context of family firms. The two sub-systems of family and business are treated as distinct units. Three factors – stability of membership, centrality of actors, and closure of each sub-system – are theorised to positively influence the stocks of bonds in the family or business sub-system. Simultaneous centrality of actors in family and business, closure of both sub-systems, level of interdependence, and quality of interactions between family and business, are theorised to influence the flow of bonds between the two sub-systems. Implications for research are discussed.

Keywords: social capital; bonding; cohesion; closure; network theories; networking; membership stability; sub-systems; simultaneous centrality; interdependence; interactions; bond flows; entrepreneurial venturing; business ventures; entrepreneurs; entrepreneurship; entrepreneurialism; family firms. (search for similar items in EconPapers)
Date: 2010
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