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Intrafamily entrepreneurship: the formation and membership of family entrepreneurial teams

Research output: Contribution to Journal/MagazineJournal articlepeer-review

Published
<mark>Journal publication date</mark>01/2013
<mark>Journal</mark>Entrepreneurship Theory and Practice
Issue number1
Volume37
Number of pages30
Pages (from-to)17-46
Publication StatusPublished
Early online date30/07/12
<mark>Original language</mark>English

Abstract

Family entrepreneurial teams are groups of related individuals who engage in entrepreneurship. Entrepreneurial teams studies emphasize the resources that members bring to the team. Family business studies suggest that relationships and social theories are important. Social capital explains the formation and composition of family entrepreneurial teams (FETs). Analysis is of case studies of FETs based in Honduras. A shared commitment to entrepreneurial stewardship of the family's assets underpins formation of FETs. Trust and shared values were important for membership. This study highlights that families are not internally consistent, and family ties are not equally strong.