Socioemotional wealth and human resource management (hrm) in family-controlled firms

Cristina Cruz, Shainaz Firfiray, Luis Gomez-Mejia

Research output: Chapter in Book/Report/Conference proceedingChapter

38 Scopus citations

Abstract

This chapter takes a socioemotional wealth (SEW) perspective to explain the adoption of human resource (HR) practices in family-controlled firms. Previous studies on human resource management (HRM) in family firms have focused only on a small range of HR practices and have rarely utilized strong conceptual frameworks. As a result, these studies have overlooked important factors that contribute to the distinctiveness of HRM in these organizations. Based on ample evidence that shows family businesses' preference for non-economically motivated objectives collectively labeled as SEW, we propose that the presence of SEW influences HR practices in family firms. Consequently, we reexamine existing empirical evidence of the determinants of HRM in family-controlled firms under the SEW approach. We also reinterpret existing theoretical models of family-controlled firms and their implications for HRM under the SEW umbrella. Our final goal is to establish an integrated framework through a set of sound propositions onHRM in family businesses. By integrating the literature, we aim to fill theoretical gaps in our understanding of the determinants of HR practices in the family business context and direct future research in this area.

Original languageEnglish (US)
Title of host publicationResearch in Personnel and Human Resources Management
EditorsAparna Joshi, Joseph Martocchio, Hui Liao
Pages159-217
Number of pages59
DOIs
StatePublished - Dec 1 2011

Publication series

NameResearch in Personnel and Human Resources Management
Volume30
ISSN (Print)0742-7301

ASJC Scopus subject areas

  • Organizational Behavior and Human Resource Management

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