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- Title
Family Capital of Family Firms: Bridging Human, Social, and Financial Capital.
- Authors
Danes, Sharon M.; Stafford, Kathryn; Haynes, George; Amarapurkar, Sayali S.
- Abstract
The purpose was to present a family capital typology based on Sustainable Family Business Theory II and to document its relative contribution to short-term firm achievements and long-term sustainability using National Family Business Survey panel data. Family capital was defined as total owning-family resources composed of human, social, and financial capital. Family capital significantly contributed to firm achievements and sustainability. In the short term, all family capital types explained 13.5% of gross revenue variance and 4% of owner's success perception variance. In the long term, all family capital types explained 26.7% of gross revenue variance and 11.6% of owner's success perception variance.
- Subjects
FAMILY-owned business enterprises; OPERATING revenue; FAMILY partnership; FAMILY corporations; PSYCHOLOGICAL typologies; BUSINESS development
- Publication
Family Business Review, 2009, Vol 22, Issue 3, p199
- ISSN
0894-4865
- Publication type
Article
- DOI
10.1177/0894486509333424