Open AccessFamiliness and socioemotional wealth in Spanish family firms: An empirical examination
Author(s) -
Ismael Barros,
Juan Hernangómez,
Natalia Martín-Cruz
Publication year - 2017
Publication title -
european journal of family business
Language(s) - English
Resource type - Journals
eISSN - 2444-8788
pISSN - 2444-877X
DOI - 10.24310/ejfbejfb.v7i1-2.5014
Subject(s) - socioemotional selectivity theory , family business , context (archaeology) , sample (material) , business , marketing , psychology , geography , developmental psychology , chemistry , archaeology , chromatography
The socioemotional wealth (SEW) related to emotional endowments accumulated in the business by the family, is one of the most important features that differentiate the family firms of other organizations. However, there are few studies developed in the context of the antecedents and consequences of the building and use of SEW in the family business. Therefore, this study, using a sample of Spanish family firms that are non-publicly traded, explains how family influence affects the building and use of SEW and, thus, the organizational effectiveness of the family firm. The results indicate mixed results regarding the impact of the family involvement on the essence. Those suggest a positive relationship between building and use of SEW and organizational effectiveness of the family business.