 Values as antecedents of socio-emotional wealth behaviour in family firmsPhilipp Julian Ruf, Petra M. Moog and Imanol Belausteguigoitia Rius International Journal of Entrepreneurship and Small Business, 2020, vol. 40, issue 1, 83-113 Abstract: 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. Keywords: family firm; socio-emotional wealth; SEW; values; strategy; decision-making. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijesbu:v:40:y:2020:i:1:p:83-113 Access Statistics for this article More articles in International Journal of Entrepreneurship and Small Business from Inderscience Enterprises Ltd |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.