Hakuna matata! Cross-regional differences in the entrepreneurial capital of family firms

By utilizing the perspectives of 27 interviewees from family businesses embedded in three sub-national regions of a developing country, we explore how regional cultural background of families explains heterogeneity in their endowed entrepreneurial capital (EC). We draw on Nordqvist & Melin's framework for entrepreneurship and family business as an organizing framework and chalk out its various sub-dimensions and their differential effects on EC across regions. This research contributes to understanding how informal institutions influence entrepreneurial capital and explains why significant variations in regional development exist within a perceived homogeneous institutional setting.