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Sarah Drakopoulou Dodd and Alice de Koning

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Alistair R. Anderson, Sarah L. Jack and Sarah Drakopoulou Dodd

Research has traditionally concentrated on formal kin involvement in the family business. This study investigates if, to what extent and how entrepreneurs have capitalized on resources embedded in the family, but beyond the formal traditionally defined boundaries of the family firm. Employing both quantitative and qualitative approaches, the study finds that about one quarter of our sample’s entrepreneurial network ties were kin, and that most of these worked outside the formal family firm. These ties provided a range of very important resources, both professional and affective in nature. Such beneficial ties extend the family firm without incurring the typical hazards of external linkages.

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Sarah Drakopoulou Dodd, Tobias Pret and Eleanor Shaw

In this chapter, we set out a research agenda for extending and deepening our understanding of embeddedness in various contexts. Specifically, we advocate Bourdieu’s theory of practice as a conceptual frame for furthering our understanding of entrepreneurial embeddedness. We argue that it is time to question the primacy of economic capital and to, instead, consider in more detail the complex interplays of cultural, social, and symbolic capital. We also propose that future research explore a wider range of non-mainstream contexts, especially those lacking significant endowments of financial resources. Furthermore, we suggest that our epistemology should recognize the inter-subjectivity of entrepreneurial embeddedness and that we enact this through our methods.

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Sarah L. Jack, Alistair R. Anderson, Sarah Drakopoulou Dodd and Susan Moult