The potential of internal social capital in organizations: An assessment of past research and suggestions for the future

The potential of internal social capital in organizations: An assessment of past research and suggestions for the future

By Valeriano Sanchez-Famoso, Amaia Maseda, Txomin Iturralde, Sharon M. Danes & Gloria Aparicio

Originally published online: 13 Nov 2019

ABSTRACT

This study’s purpose was to synthesize the structure and content of the internal social capital (ISC) literature within business management refereed journals from 1989 to 2017 and to propose future directions for study. Performance indicators, bibliographic coupling, and content analysis were used to conduct the literature review. One hundred twenty-eight documents were organized in eight conceptual theme clusters addressing ISC’s definition, structure and behavioral dynamics, function of bonding, capacity building, and culture setting. The review also addressed performance enhancements and constraints that emanate out of ISC processes. In addition, it addressed the unique contextual ISC relevance of the family influence in family businesses. Gaps in the literature are discussed and a series of future research directions are posed for each of the eight thematic clusters that evolved from the literature review analysis.

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The potential of internal social capital in organizations: An assessment of past research and suggestions for the future

Satisfaction of entrepreneurs: A comparison between founders and family business successors

By Giancarlo Lauto, Daniel Pittino & Francesca Visintin

Originally published online: 13 Nov 2019

ABSTRACT

Although a substantial body of literature compares the job satisfaction of employees to that of the self-employed, scholars rarely take into account the heterogeneity of the latter population. We compare the level and the drivers of job satisfaction of founders and successors in family businesses. Building on the notion of procedural utility, which entails the gratification that individuals experience in the process of performing a task, we find that job satisfaction and perceived discretion in decision making is lower for successors. We also find that perceived discretion fully mediates the relationship between mode of entry into entrepreneurship and job satisfaction.

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The potential of internal social capital in organizations: An assessment of past research and suggestions for the future

Entrepreneurial team formation and evolution in technology ventures: Looking beyond the top management team

By Ayna Yusubova, Petra Andries & Bart Clarysse

Originally published online: 15 Nov 2019

ABSTRACT

Drawing on a stage-based and knowledge-based view, this study investigates the process of team evolution in technology ventures, paying attention to top managers and other team members. In-depth analysis of six cases shows that team evolution is linked to the changing knowledge needs technology ventures face when proceeding through different development stages. In each stage, they add (1) complementary or (2) more of the same knowledge to their existing knowledge base by hiring top managers as well as non-top management employees, and redirect team members whose knowledge is no longer crucial. In particular, the study highlights the crucial role of non-top management employees for technology ventures’ development.

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The potential of internal social capital in organizations: An assessment of past research and suggestions for the future

The price of a disadvantaged location: Regional variation in the price and supply of short-term credit to SMEs in the UK

By Marc Cowling, Neil Lee & Elisa Ughetto

Originally published online: 19 Nov 2019

ABSTRACT

Access to inexpensive short-term credit from banks is vital for many small and medium enterprises (SMEs), which face liquidity problems because of an imbalance between cash outflows and receipt of outstanding payments. This article investigates the key determinants of short-term credit access and pricing for UK SMEs, disentangling between regional effects and firm-specific effects (that is, credit risk ratings). We use a large dataset of 30,183 responses to six waves of the SME Finance Monitor survey. While there are underlying differences at the firm level in risk behavior across regions, our key finding is that, faced with the same risk, banks do react fairly to funding applications in terms of access but not price at the regional level. We conclude that regional differences directly and indirectly affect the way banks allocate and price short-term credit. There is evidence of a peripheral region price penalty.

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The potential of internal social capital in organizations: An assessment of past research and suggestions for the future

CEO learning goal orientation and firm innovation: The mechanism and boundary conditions

By Cuilian Zhang & Hui Wang

Originally published online: 19 Nov 2019

ABSTRACT

This study explores how and when chief executive officer (CEO) learning goal orientation affects firm innovation. A sample of 164 small and medium-sized firms in China, with 164 CEOs and 488 top management team (TMT) members, reveals that CEO learning goal orientation exerts positive influences on firm innovation. TMT learning goal orientation mediates this link. Environmental uncertainty and TMT centralization moderate both the direct effect of CEO learning goal orientation on TMT learning goal orientation and the indirect, mediated effect of CEO learning goal orientation on firm innovation through TMT learning goal orientation. Therefore, the effects are amplified at high environmental uncertainty or low TMT centralization.

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The potential of internal social capital in organizations: An assessment of past research and suggestions for the future

The price of a disadvantaged location: Regional variation in the price and supply of short-term credit to SMEs in the UK

By Marc Cowling, Neil Lee & Elisa Ughetto

Originally published online: 19 Nov 2019

ABSTRACT

Access to inexpensive short-term credit from banks is vital for many small and medium enterprises (SMEs), which face liquidity problems because of an imbalance between cash outflows and receipt of outstanding payments. This article investigates the key determinants of short-term credit access and pricing for UK SMEs, disentangling between regional effects and firm-specific effects (that is, credit risk ratings). We use a large dataset of 30,183 responses to six waves of the SME Finance Monitor survey. While there are underlying differences at the firm level in risk behavior across regions, our key finding is that, faced with the same risk, banks do react fairly to funding applications in terms of access but not price at the regional level. We conclude that regional differences directly and indirectly affect the way banks allocate and price short-term credit. There is evidence of a peripheral region price penalty.

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