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Measuring socioemotional wealth in family-owned and -managed firms: A validation and short form of the FIBER Scale

Jana Hauck, Julia Suess-Reyes, Susanne Beck, Reinhard Prügl and Hermann Frank

Journal of Family Business Strategy, 2016, vol. 7, issue 3, 133-148

Abstract: Socioemotional wealth (SEW) is a key concept in family business research. The proposed FIBER scale as a direct and multidimensional measure of SEW is therefore a significant research achievement. We refined the scale by validating and thereby shortening it, using a sample of 216 family-owned and -managed firms with up to 500 employees in the German-speaking area. The validation reveals different degrees of validity across the five FIBER dimensions, resulting in a revised short form called the REI scale that comprises nine items that measure the core affective endowments a family may derive from controlling a firm. Based on our empirical validation, we discuss theoretical implications for the further development of a sound SEW measure.

Keywords: Family firm; Socioemotional wealth (SEW); Scale validation; FIBER scale; REI scale; Affective endowment (search for similar items in EconPapers)
Date: 2016
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Handle: RePEc:eee:fambus:v:7:y:2016:i:3:p:133-148