Social Capital, Entrepreneurship, and Family Businesses

G. Tyge Payne () and Nathan T. Hayes ()
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G. Tyge Payne: Area of Management, Texas Tech University
Nathan T. Hayes: Area of Management, Texas Tech University

Chapter 24 in Family Entrepreneurship, 2021, pp 331-344 from Springer

Abstract: 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.

Keywords: Business families; Entrepreneurship; Family business; Networks; Social capital; Social relationships (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-66846-4_24

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DOI: 10.1007/978-3-030-66846-4_24

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