External Crises and Family Social Capital Reconfiguration: Insights From the European Debt Crisis and the Covid-19 Pandemic

IF 9.9 1区管理学 Q1 BUSINESS

Family Business Review Pub Date : 2022-08-01 DOI:10.1177/08944865221113136

Elias Hadjielias, M. Hughes, L. Scholes

引用次数: 9

Abstract

Drawing on 62 interviews with 23 family businesses in Cyprus concerning the 2013–2018 (Eurozone) debt crisis and the Covid-19 pandemic, this study offers new knowledge on why and how family social capital reconfigures during external crises to support survivability. The findings reveal new psychological and situational mechanisms motivating structural and relational changes in family social capital during crises. However, we find nuances and complexities acting on the motives and content of these changes, attuned to the type of external crisis that the family business faces. We contribute a context-sensitive theory of family social capital’s reconfiguration during external crises.

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外部危机与家庭社会资本重构:来自欧债危机和新冠肺炎疫情的启示

根据对塞浦路斯23家家族企业关于2013-2018年（欧元区）债务危机和新冠肺炎大流行的62次采访，本研究提供了关于家庭社会资本在外部危机期间重新配置以支持生存能力的原因和方式的新知识。研究结果揭示了在危机期间促使家庭社会资本结构和关系变化的新的心理和情境机制。然而，我们发现这些变化的动机和内容存在细微差别和复杂性，与家族企业面临的外部危机类型相适应。我们提出了一个关于外部危机中家庭社会资本重组的上下文敏感理论。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Family Business Review BUSINESS-

CiteScore

12.40

自引率

13.60%

发文量

期刊介绍： Family Business Review (FBR) has been a refereed journal since 1988, serving as the premier scholarly publication dedicated to the study of family-controlled enterprises. It delves into the dynamics of these businesses, encompassing a range of sizes from small to very large. FBR concentrates not only on the entrepreneurial founding generation but also on family enterprises in subsequent generations, including some of the world's oldest companies. The journal also publishes interdisciplinary research covering families of wealth, family foundations, and offices.