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External crises and family social capital reconfiguration: Insights from the European debt crisis and the Covid-19 pandemic

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journal contribution
posted on 2022-07-05, 12:18 authored by Elias Hadjielias, Mathew Hughes, Louise ScholesLouise Scholes
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.

Funding

Loughborough University London

History

School

  • Business and Economics
  • Loughborough University London

Department

  • Business

Published in

Family Business Review

Volume

35

Issue

3

Pages

275 - 305

Publisher

SAGE Publications

Version

  • AM (Accepted Manuscript)

Rights holder

© The Author(s)

Publisher statement

This paper was accepted for publication in the journal Family Business Review and the definitive published version is available at https://doi.org/10.1177/08944865221113136. This article has been accepted for publication. Users who receive access to an article through a repository are reminded that the article is protected by copyright and reuse is restricted to non-commercial and no derivative uses. Users may also download and save a local copy of an article accessed in an institutional repository for the user's personal reference. For permission to reuse an article, please follow our Process for Requesting Permission: https://us.sagepub.com/en-us/nam/process-for-requesting-permission

Acceptance date

2022-06-23

Publication date

2022-08-01

Copyright date

2022

ISSN

0894-4865

eISSN

1741-6248

Language

  • en

Depositor

Prof Mat Hughes. Deposit date: 27 June 2022

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