Is non-family social capital also (or especially) important for family firm performance?
- Valeriano Sánchez Famoso
- Naveed Akhter
- Txomin Iturralde Jainaga
- Francesco Chirico
- Amaia Maseda García
ISSN: 1741-282X
Año de publicación: 2015
Volumen: 68
Número: 11
Páginas: 1713-1743
Tipo: Artículo
Otras publicaciones en: Human Relations
Resumen
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