Family capital is all social, human and financial capital a family has at their disposal in the family to advance the business. Family capital is the pool of resources unique to family business and has the potential for family businesses to gain competitive advantage over nonfamily businesses in today’s competitive landscape. In order to advance the knowledge about strategic management in family businesses, this chapter reviews quantitative empirical work on each dimension of family capital and concludes that the field is still in its infancy. Most studies concentrate on (a part of) social capital, a few on human capital and a very limited number on all three dimensions. The review of the literature enables to describe avenues for further research on family capital.
|Title of host publication||Handbook of Research on the Strategic Management of Family Businesses|
|Editors||Jesús Manuel Palma-Ruiz, Ismael Barros-Contreras, Luca Gnan|
|ISBN (Print)||9781799822691, 1799822699|
|Publication status||Accepted/In press - 2020|
Kramer, A., & Kroon, B. (Accepted/In press). Family capital in family businesses. Complementarities of human and social capital . In J. M. Palma-Ruiz, I. Barros-Contreras, & L. Gnan (Eds.), Handbook of Research on the Strategic Management of Family Businesses IGI Global. https://doi.org/10.4018/978-1-7998-2269-1