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家族企業之興業行為:探究忠僕型經理人、開創性導向以及新產品開發之關係

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2.8 The Moderating Role of Family Social Capital

As we have hypothesized, steward-like managers have a strong influence on explorative

activities. However, this picture might be different when a firm is subject to various internal

or external conditions. In line with social capital perspectives, we further argue that family

social capital facilitates explorative activities by acting as a moderator of the proposed

relationships for structural, cognitive and relational reasons.

Social capital is conceptualized as consisting of three dimensions: structural, cognitive

and relational (Nahapiet and Ghoshal, 1998). The structural dimension of social capital

concerns the proper ties of the social system and of the network of relations as a whole. The

density and connectivity of social ties, as well as members’ ability to use and re-use social

networks, is generally conceptualized as the resources embedded in the structure and content

of a variety of networks, among which families are included (Tsai and Ghoshal, 1998).

Research suggests that the structural family ties can and do transcend ties found in the

organization (Arregle, Hitt, Sirmon, and Very, 2007). Therefore, it is believed that family

social capital can create potential advantages for the family firm, such as access to

information and economic resources, political connections, and linkages to important

institutions.

Stewardship perspective stresses that managers will work diligently to accomplish firm

goals due to their altruism, fairness and pride in their work (Davis et al., 1997), while family

social capital can ensure the options and alternatives, created through a comprehensive

strategic decision-making process that is diversified, well-constructed and properly

considered. Because family members’ social capital can help an organization to access more

information or resources, it can broaden the scope of existing options and help to elevate the

quality of mangers’ decisions, thereby fostering exploration activities.

The cognitive dimension of social capital emphasizes the importance of shared

interpretations, understanding and systems of meaning among parties (Nahapiet and

Ghoshal, 1998). Specifically, it highlights the group’s shared vision and purpose, as well as

unique language, stories and culture of a collective that are commonly known, and deeply

embedded. The shared cognitive frame of reference is a bonding mechanism that allows

individuals to exchange, communicate and integrate ideas (Tsai and Ghoshal, 1998; Grant,

1996). Therefore, the social capital of a family, as a bonding mechanism, can convey a

profound explanation for why continuing the business is important to the family (Lansberg,

1999). At the same time, it can create the collective understanding that is necessary for the

family to maintain collaboration and achieve long-term family goals.