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Does Socioemotional Wealth Matter for Competitive Advantage? A Case of Polish Family Businesses

Katarzyna Bratnicka-Myśliwiec (), Martyna Wronka-Pośpiech () and Tomasz Ingram ()
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Katarzyna Bratnicka-Myśliwiec: University of Economics in Katowice, Faculty of Economics, Department of Entrepreneurship and Management Innovation, ul. 1-go Maja 50, 40-287 Katowice, Poland
Martyna Wronka-Pośpiech: University of Economics in Katowice, Faculty of Economics, Department of Entrepreneurship and Management Innovation, ul. 1-go Maja 50, 40-287 Katowice, Poland
Tomasz Ingram: University of Economics in Katowice, Faculty of Economics, Department of Entrepreneurship and Management Innovation, ul. 1-go Maja 50, 40-287 Katowice, Poland

Journal of Entrepreneurship, Management and Innovation, 2019, vol. 15, issue 1, 123-146

Abstract: A growing body of research is concerned with how family businesses achieve competitive advantage, yet unique qualities that distinguish family firms and non-family firms are sometimes overlooked. In our study, we argue that socioemotional wealth (SEW) may trigger or limit family firms’ strategic initiatives that ultimately shape their competitive advantage. Therefore, in our study of 193 Polish family firms, we investigate how (SEW) and a firm’s competitive advantage are associated with a family firm context. Our research results reveal that, indeed, (SEW) and competitive advantage are partially associated and SEW can be regarded as an important strategic antecedent to firm performance

Keywords: family business; (SEW); competitive advantage (search for similar items in EconPapers)
JEL-codes: D23 L25 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:aae:journl:v:15:y:2019:i:1:p:123-146

DOI: 10.7341/20191515

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