The Relationship between the Socioemotional Wealth and the Family Businesses’ Sustainability

Krisztina Németh and Szilard Németh
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Krisztina Németh: Budapest Business School, Hungary
Szilard Németh: Budapest Business School, Hungary

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Abstract: The family businesses form an important segment of business environment all over the world, and as a relevant set of the SME sector at international level, they do not possess a research activity connected to these characters in Hungary. However, there is no secondary database available to precisely reveal among the Hungarian enterprises the family businesses’ role and presence in the sectors, size categories; several international studies underline the family businesses’ importance in national economy based on the rate of their GDP contribution and their position in employment (Astrachan & Shanker, 2003; Mandl, 2008). The main goal of this study to explore the relationship of the socio-emotional wealth structure with corporate performance; namely the family business’ growth indicators (average turnover growth and average assets growth), its profitability indicators (RoA, RoI, RoE) and innovation performance (interpretation by the Oslo Manual). Based on the literature research in both theoretical and practical terms we intended to enrich the material available concerning family businesses, so set our goals as follows: analyzing the socio-emotional wealth structure of the family businesses in the sample, quasi empirical testing different SEW approaches, creating an own SEW model; and improving the low empirical basis concerning the relations of SEW factors and corporate performance.

Keywords: family business; socioemotional wealth; business performance; innovation performance (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:tkp:mklp18:515-523

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