Toward a Theory of Family Social Capital in Wealthy Transgenerational Enterprise Families

Maarten B.T. de Groot, Oli R. Mihalache, Tom Elfring

Research output: Contribution to journalJournal Articlepeer-review

13 Citations (Scopus)

Abstract

Over generations, decaying family social capital is a primary cause of enterprise wealth loss in enterprise families that share ownership of multiple entities and multiple assets. We answer recent calls to uncover the origins of family social capital by studying seven old, wealthy, and large transgenerational enterprise families. We complement existing research on wealth creation through entrepreneurship by offering a deeper understanding of how family social capital is enhanced in transgenerational enterprise families. Our inductive qualitative study finds that enterprise family social capital appears to be enhanced by family governance, family learning, family identity, and physical grounding.

Original languageEnglish
Pages (from-to)159-192
Number of pages34
JournalEntrepreneurship: Theory and Practice
Volume46
Issue number1
DOIs
Publication statusPublished - Jan. 2022

Keywords

  • enterprise family
  • enterprise preservation
  • family social capital
  • transgenerational
  • wealth

Fingerprint

Dive into the research topics of 'Toward a Theory of Family Social Capital in Wealthy Transgenerational Enterprise Families'. Together they form a unique fingerprint.

Cite this