Article Commentary: Extending the Socioemotional Wealth Perspective: A Look at the Dark Side

Franz Kellermanns, Kimberly A. Eddleston and Thomas M. Zellweger

Entrepreneurship Theory and Practice, 2012, vol. 36, issue 6, 1175-1182

Abstract: We extend the socioemotional wealth (SEW) perspective by arguing that SEW can be negatively associated with proactive stakeholder engagement (PSE). We further suggest that the SEW dimensions can be associated with positive or negative valence. Lastly, we propose that negatively valenced SEW dimensions lead to family–centric behavior, which negatively affects PSE. This multifaceted conceptualization of SEW allows us to explain how family firms can partake in harmful stakeholder behaviors despite having seemingly strong SEW. Our paper suggests that SEW can be either an affective endowment or burden for family firms and their constituents.

Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:sae:entthe:v:36:y:2012:i:6:p:1175-1182

DOI: 10.1111/j.1540-6520.2012.00544.x

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