The Influence of Internal and External Social Capital on the Performance of Family Business Engaging in Social Activities
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Abstract
This research aims to study the influence of internal and external social capital of the performance of family business engaging in social activities. The population in this research are owners or representatives from 211 family businesses engaging in social activities as listed in The Stock Exchange of Thailand. The questionnaires were conducted to collect the data in this research with 124 valid responses in return. Data was analyzed using descriptive statistics including percentage, means and standard deviation, whereas structural equation model was used for hypothesis testing. For the measurement model, the results indicated that the measurement model satisfied the convergent and discriminant validity including reliability. In addition, the results revealed that structural model fit was acceptable (CMIN/DF = 1.487, RMR = 0.074, GFI = 0.871, AGFI = 0.816, IFI = 0.945, TLI = 0.928, CFI = 0.943 และ RMSEA = 0.063). The result of hypothesis testing showed that only external social capital impacted on financial performance and non-financial performance through resource access. Thus, this paper provides the benefits to family business to better understand that improvement on resource access could support the relationship external social capital and performance of family business in Thailand significantly.
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