Socioemotional Wealth in Family Firms: Theoretical Dimensions, Assessment Approaches, and Agenda for Future Research

Pascual Berrone, Cristina Cruz, Luis R. Gomez-Mejia

Research output: Contribution to journalReview article

751 Scopus citations

Abstract

This article makes the case for the socioemotional wealth (SEW) approach as the potential dominant paradigm in the family business field. The authors argue that SEW is the most important differentiator of the family firm as a unique entity and, as such, helps explain why family firms behave distinctively. In doing so, the authors review the concept of SEW, its different dimensions, and its links with other theoretical approaches. The authors also address the issue of how to measure this construct and offer various alternatives for operationalizing it. Finally, they offer a set of topics that can be pursued in future studies using the SEW approach.

Original languageEnglish (US)
Pages (from-to)258-279
Number of pages22
JournalFamily Business Review
Volume25
Issue number3
DOIs
StatePublished - Sep 1 2012
Externally publishedYes

Keywords

  • family firms
  • socioemotional wealth
  • theoretical review

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Finance

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