Values as antecedents of socio-emotional wealth behaviour in family firms

Autor:	Philipp Julian Ruf, Imanol Belausteguigoitia Rius, Petra Moog
Rok vydání:	2020
Předmět:	Entrepreneurship Economics and Econometrics Public economics Family business Socio emotional Context (language use) Business Business and International Management Family values Qualitative research
Zdroj:	International Journal of Entrepreneurship and Small Business. 40:83
ISSN:	1741-8054 1476-1297
Popis:	Research has shown that family firms differ from their non-family counterparts in terms of strategic behaviour. Socio-emotional wealth (SEW) is a homegrown theory in this context explaining differences in decision-making by acknowledging the unique connection between a family and their business. This paper contributes to the ongoing research related to the theory of socio-emotional wealth by investigating individual, family and family business values as antecedents and underlying motivators for SEW behaviour, influencing strategic decision-making in family firms, directly and as a mediator via SEW. A qualitative study was performed to analyse this connection and the effects on strategic decisions made in family firms. The outcomes show that individual and collective family values are the main drivers of SEW behaviour, changing over time and leading to a different focus on the dimensions of SEW, which is then represented in the strategic decisions made in the family business.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::231a063f32009e480b83fed8455b574d https://doi.org/10.1504/ijesb.2020.106944 Zobrazit plný text záznamu