Can family firms nurture socioemotional wealth in the aftermath of Covid-19? Implications for research and practice Articles uri icon

authors

  • FIRFIRAY, SHAINAZ
  • GOMEZ MEJIA, LUIS RAFAEL

publication date

  • July 2021

start page

  • 249

end page

  • 257

issue

  • 3

volume

  • 24

International Standard Serial Number (ISSN)

  • 2340-9436

Electronic International Standard Serial Number (EISSN)

  • 2340-9444

abstract

  • Family firms are the most prevalent form of economic organization in the world, but despite their reputation for resilience and agility, many of them are facing enormous challenges due to the Covid-19 pandemic. In this essay, we examine how the pressures to respond to this health emergency are affecting the ability of family firms to preserve their socioemotional wealth (SEW). In addition, we also provide implications for family business research in a post-Covid world.

subjects

  • Business
  • Economics
  • Medicine
  • Sociology

keywords

  • family firms; socioemotional wealth; covid-19; pandemic; crisis