Family Business Emotions

Family-based social capital is a distinct resource for family firms because relationships with external stakeholders can be maintained from one generation to the next and family firms often participate in positive social exchanges with other family firms, building a community network of family firms. Given the kinship, loyalty, and trust that differentiate family firms from other forms of governance, research often highlights the benefits of positive emotions within family firms, such as reciprocal altruism and the maintenance of family harmony. Keywords: family; emotions; social capital