Socioemotional Wealth and the Development of Family Business Group

Dony Abdul Chalid and Mira Kartika Dewi Djunaedi ()
Additional contact information
Dony Abdul Chalid: Universitas Indonesia
Mira Kartika Dewi Djunaedi: Universitas Esa Unggul

Chapter Chapter 18 in The Palgrave Handbook of Managing Family Business Groups, 2023, pp 459-496 from Springer

Abstract: Abstract There is limited knowledge of how an FBG emerges and develops. The purpose of this chapter is to examine the dynamics of SEW in FBG and how SEW impacts the strategy decisions and development of family firms into medium-sized business groups. We employed a narrative approach and used case studies of two medium-sized Chinese family businesses in Indonesia. We interviewed founders and subsequent generations about their family experiences, including their desire to own and run the FBG. This chapter shows how the creation and development of an FBG can be influenced by the founders’ experiences, critical events, and past, which shape their SEW and priorities. Further, SEW importance between generations occurs during the two cases studied, which influences the FBG development decisions. Heterogeneity of FBG in SEW also occurs and serves as a reference point for the development of FBGs.

Keywords: Socioemotional wealth; Family business group; FBG heterogeneity; Founders’ experience; FBG emergence; FBG development (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-13206-3_18

Ordering information: This item can be ordered from
http://www.springer.com/9783031132063

DOI: 10.1007/978-3-031-13206-3_18

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().