Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1020007 | Journal of Family Business Strategy | 2016 | 11 Pages |
Abstract
The importance attached to socioemotional wealth is thought to distinguish family firms from non-family firms. Yet, measurement of socioemotional wealth is difficult owing to an absence of psychometrically sound measures. In this paper, we describe the development of the socioemotional wealth importance scale (SEWi)—an instrument allowing direct measurement of the importance of socioemotional wealth to family owners and managers of family firms. We explain the processes used to generate items, pre-test the developed scale and validate it. The final construct is composed of three distinct dimensions: Family Prominence; Family Continuity; and Family Enrichment. Contributions and future research directions are discussed.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Bart J. Debicki, Franz W. Kellermanns, James J. Chrisman, Allison W. Pearson, Barbara A. Spencer,