Family Business Review· 2012Q1· Review
Socioemotional Wealth in Family Firms
- 2,626citations
- Q1SCImago
- 2012year
Short summary
The socioemotional wealth (SEW) approach is proposed as the dominant paradigm for understanding family firms, as it uniquely explains their distinctive behaviors.
AI-generated from the title and abstract; the full text is not read.
Key points
- Socioemotional wealth (SEW) is the most important differentiator of family firms.
- SEW helps explain why family firms behave distinctively.
- The article reviews SEW's dimensions, theoretical links, and measurement options.
- Future research directions using the SEW approach are proposed.
AI-generated from the title and abstract; the full text is not read.
Abstract
This article makes the case for the socioemotional wealth (SEW) approach as the potential dominant paradigm in the family business field. The authors argue that SEW is the most important differentiator of the family firm as a unique entity and, as such, helps explain why family firms behave distinctively. In doing so, the authors review the concept of SEW, its different dimensions, and its links with other theoretical approaches. The authors also address the issue of how to measure this construct and offer various alternatives for operationalizing it. Finally, they offer a set of topics that can be pursued in future studies using the SEW approach.
The authors' abstract, as published at the source. Family Business Review, 2012 · DOI ↗
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Field: Organizational Behavior and Human Resource Management
Organizational Behavior and Human Resource ManagementBusiness, Management and Accounting