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

Abel Duarte Alonso (), Seng Kok and Seamus O’Brien
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Abel Duarte Alonso: Curtin University
Seng Kok: Liverpool John Moores University
Seamus O’Brien: Liverpool John Moores University

Journal of Family and Economic Issues, 2020, vol. 41, issue 4, No 10, 749-761

Abstract: 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.

Keywords: Social capital theory; Family firms; Business owners; Impact; South America (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (3)

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DOI: 10.1007/s10834-020-09669-w

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