IRMA-International.org: Creator of Knowledge
Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Socioemotional Wealth and Its Effect on Family Firm Performance

Socioemotional Wealth and Its Effect on Family Firm Performance
View Sample PDF
Author(s): Juili Milind Ballal (Indian Institute of Technology, Bombay, India) and Varadraj Bapat (Indian Institute of Technology, Bombay, India)
Copyright: 2020
Pages: 27
Source title: Handbook of Research on the Strategic Management of Family Businesses
Source Author(s)/Editor(s): Jesús Manuel Palma-Ruiz (Universidad Autónoma de Chihuahua, Mexico), Ismael Barros-Contreras (Universidad Austral de Chile, Chile) and Luca Gnan (University of Rome "Tor Vergata", Italy)
DOI: 10.4018/978-1-7998-2269-1.ch010

Purchase

View Socioemotional Wealth and Its Effect on Family Firm Performance on the publisher's website for pricing and purchasing information.

Abstract

Family firm is the oldest and the most prevalent type of business entity in the world. A unique feature that sets apart a family business from its non-family counterparts is the Socioemotional Wealth (SEW). Preservation of SEW among family firms is of paramount importance. Various strategic choices including need for innovation and internationalization are influenced by SEW. Studies also show that a family firm's SEW plays an influential role in the firm performance. The This chapter outlines the different scales used to measure SEW, checks the reliability and internal consistency of the existing REI scale in Indian context, investigates the heterogeneity of family firms and understands the effect of different SEW dimensions on firm performance. The findings reveal that SEW has a significant positive effect on firm performance. Contributions of the study and scope for future research are also discussed.

Related Content

Ahmet Guven, Yetkin Yildirim. © 2022. 12 pages.
Cátia Gonçalves, Orlando Lima Rua. © 2022. 31 pages.
William Williams, Helena H. Knight, Richard Rutter, Megan Mathias. © 2022. 26 pages.
Mehwish Raza. © 2022. 17 pages.
Farkhanda Manzoor, Ghazala Jabeen. © 2022. 14 pages.
José G. Vargas-Hernández. © 2022. 17 pages.
José G. Vargas-Hernández, Jorge Armando López-Lemus. © 2022. 20 pages.
Body Bottom