Socioemotional wealth and family firms performance: a framework and future pathways

Hamza Smajić (), Ramo Palalić (), Irfan Butt (), Nisar Ahmed () and Veland Ramadani ()
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Hamza Smajić: International University of Sarajevo, Bosnia and Herzegovina
Ramo Palalić: Sultan Qaboos University
Irfan Butt: Ryerson University
Nisar Ahmed: Sultan Qaboos University
Veland Ramadani: South East European University

Review of Managerial Science, 2025, vol. 19, issue 4, No 9, 1257-1296

Abstract: Abstract Research in socioemotional wealth (SEW) and its relationship with a firm’s performance in family businesses has increased in recent years. Nevertheless, this relationship remains dearth. Further development of knowledge around this theme is interrupted by the lack of systematic organization of the existing literature. Hence, this study aims to systematically examine the literature on the SEW-performance relationship. By utilizing the framework-based systematic literature review, the research examines 38 SEW-performance-related articles extracted from the Scopus database. The study provides the current research gaps in existing literature through different methodological approaches and variables (antecedents, consequences, mediators, moderators, and controls) analysis, which lead to different future research opportunities.

Keywords: Socioemotional wealth; Firm performance; Family business; Literature review; Antecedents; Consequences; L25; L26; L32; M10 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s11846-024-00791-9

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