Socioemotional wealth and famiy firm performance: A meta-analytic integration Articles uri icon

publication date

  • December 2022

start page

  • 100536-1

end page

  • 100536-13

issue

  • 2

volume

  • 14

International Standard Serial Number (ISSN)

  • 1877-8585

abstract

  • We study conflicting arguments and empirical findings of the socioemotional wealth (SEW)-family firm performance relationship using meta-analysis. We add to the debate by questioning: First, how do major managerial decisions (strategic choices, corporate governance, and non-family stakeholder orientation) play a mediating role in the SEW performance link? Second, how do specific five SEW dimensions act as moderating variables in the SEW-performance link? We show a positive relationship between SEW and performance. Hence there is no evidence that the pursuit of family SEW occurs at the expense of financial utility. Furthermore, we find that major managerial decisions mediate the SEW-performance relation.

subjects

  • Business
  • Economics

keywords

  • meta-analysis; performance; socioemotional wealth; sew dimension; family firm