Familiness and socioemotional wealth in Spanish family firms: An empirical examination

  • Ismael Barros Escuela de Ingeniería Comercial Universidad Austral de Chile Sede Puerto Montt, Chile
  • Juan Hernangómez Departamento de Organización de Empresas y Comercialización e Investigación de Mercados, Universidad de Valladolid, Spain
  • Natalia Martin-Cruz Departamento de Organización de Empresas y Comercialización e Investigación de Mercados, Universidad de Valladolid, Spain
Keywords: Familiness, Socioemotional wealth, Organizational effectiveness, Involvement approach and essence approach, Family firms

Abstract

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.

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Published
2017-06-29
How to Cite
Barros, I., Hernangómez, J., & Martin-Cruz, N. (2017). Familiness and socioemotional wealth in Spanish family firms: An empirical examination. European Journal of Family Business, 7(1-2). https://doi.org/10.24310/ejfbejfb.v7i1-2.5014
Section
Research Paper