Is non-family social capital also (or especially) important for family firm performance?

Valeriano Sanchez-Famoso*, Naveed Akhter, Txomin Iturralde, Francesco Chirico, Amaia Maseda

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

24 Citations (Scopus)

Abstract

This article reports on a study investigating the effects of both family and non-family social capital on firm performance. Specifically, we contend that non-family social capital has a stronger effect on firm performance than family social capital and it also serves as a mediator between family social capital and firm performance. Using a sample of 172 Spanish family firms that includes two respondents per firm, we test a structural model that confirms our hypotheses. Our results extend the understanding of social capital beyond family firms by exploring both family- and non-family-based social relationships in a context in which social factors are predominant.

Original languageEnglish
Pages (from-to)1713-1743
Number of pages31
JournalHuman Relations
Volume68
Issue number11
DOIs
Publication statusPublished - 1 Nov 2015
Externally publishedYes

Keywords

  • Family firms
  • family social capital
  • firm performance
  • non-family social capital
  • structural equation modelling

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