Abstract
Entrepreneurship has widely studied the importance of the entrepreneur’s social capital in the acquisition of external resources, notably financial and informational resources, to lannch a business. This relational capital is often influenced by factors related to family and professional experience. In this sense, we provide an in-depth study of the development and amplification of relational capital of a project carrier in order to analyze how a network of entrepreneurial relationships could be equipped with the necessary means for the radiation of its company. This present work aims at exploring the distinctive elements of the family business’s social capital.In fact, a qualitative exploratory study was conducted with reference out to nine entrepreneurs in order to highlight these key points.
Highlights
The study of entrepreneurial action as a source of value creation has became an important subject of economic sociology
This work revolves around the central question inquiry: What is the role of social capital in the process of creating PMEs? What are the factors that lead to the development of relational capital in a project wich facilitate the mobilization of the resources need for conducting a solid project?
The family could act as a bridge between the entrepreneur and financial resource holders who could eventually invest in his business
Summary
The study of entrepreneurial action as a source of value creation (economic, social and individual) has became an important subject of economic sociology. The latter aims to show the role of the social structure in the evolution of economic action. Studies have been developed to highlight the significant effects that the entrepreneur’s relational capital can have on the mobilization of the essential resources in the creation of his company (Shane & Cable, 2002; Jack & Anderson, 2002; Davidsson & Honig, 2003; Aldrich & Ruef, 2006). This work revolves around the central question inquiry: What is the role of social capital in the process of creating PMEs? What are the factors that lead to the development of relational capital in a project wich facilitate the mobilization of the resources need for conducting a solid project?
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