Work

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

Year: 2022

Type: article

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.

Source: Family Business Review

DOI: 10.1177/08944865221113136

Authors: Elias Hadjielias, Mathew Hughes, Louise Scholes

Institutions: Cyprus University of Technology, Loughborough University

Language: English

Topic: Family Business Performance and Succession

Subfield: Organizational Behavior and Human Resource Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

Funder: Loughborough University

OpenAlex ID: W4289528303