Values as antecedents of socio-emotional wealth behaviour in family firms
by Philipp Julian Ruf; Petra M. Moog; Imanol Belausteguigoitia Rius
International Journal of Entrepreneurship and Small Business (IJESB), Vol. 40, No. 1, 2020

Abstract: Research has shown that family firms differ from their non-family counterparts in terms of strategic behaviour. Socio-emotional wealth (SEW) is a homegrown theory in this context explaining differences in decision-making by acknowledging the unique connection between a family and their business. This paper contributes to the ongoing research related to the theory of socio-emotional wealth by investigating individual, family and family business values as antecedents and underlying motivators for SEW behaviour, influencing strategic decision-making in family firms, directly and as a mediator via SEW. A qualitative study was performed to analyse this connection and the effects on strategic decisions made in family firms. The outcomes show that individual and collective family values are the main drivers of SEW behaviour, changing over time and leading to a different focus on the dimensions of SEW, which is then represented in the strategic decisions made in the family business.

Online publication date: Tue, 28-Apr-2020

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Entrepreneurship and Small Business (IJESB):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email