Exploring Chamber Effects on Family Successors' Knowledge Development: A Perspective of Social Capital
Is the chamber essential for family successors to participate? Can the participation contribute to family firm successors’ knowledge and in what way? This study aims to answer the two questions with the lens of social capital to shed new light on the chamber’s role, which is primarily composed of family firm successors. Specifically, we argue for chamber cadres’ and referrers’ importance affecting family successors’ management knowledge and family communication knowledge. With interviews and questionnaires to survey 31 family successors, the findings show that a successor’s consultation with a cadre is significantly positive to the successor’s management and family communication knowledge. However, successors’ consultation with a referrer has a negative impact on family communication knowledge. Accordingly, a “yes” to our first participation question, but “it depends” to our second inquiry.