Direct and indirect effects of SEWi, family human capital and social capital on organizational social capital in small family firms

Llanos‐Contreras, Orlando; Baier-Fuentes, Hugo; González-Serrano, María Huertas

doi:10.1007/s11365-020-00725-3

Cited by 14 publications

(17 citation statements)

References 52 publications

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“…Under the auspices of SEW, the study of family firms explores various aspirations related to the family, such as family influence, control, emotional bonds and transgenerational sustainability (Berrone et al, 2012) even if the impact of cultural values has been largely overlooked (Lu et al, 2021a, b). SEW, family human capital and family social capital interrelate with the organisational social capital of small family firms (Llanos-Contreras et al, 2021), emerging as a new reference framework in the field of study on family firms (Damak et al, 2021). Furthermore, in the context of small and medium-sized family firms, Belda-Ruiz et al (2021) report that the family firms most concerned about preserving their SEW incur lower levels of debt (total and financial debt).…”

Section: Thematic Groupsmentioning

confidence: 99%

“…SEW, family human capital and family social capital interrelate with the organisational social capital of small family firms (Llanos-Contreras et al ., 2021), emerging as a new reference framework in the field of study on family firms (Damak et al ., 2021). Furthermore, in the context of small and medium-sized family firms, Belda-Ruiz et al .…”

Section: Thematic Groupsmentioning

confidence: 99%

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The socioemotional wealth of leaders in family firm succession and corporate governance processes: a systematic literature review

Marques

Leitão²,

Ferreira³

et al. 2023

IJEBR

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PurposeAdopting the research concept of socioemotional wealth (SEW) as applied to family firm leaders, this study aims to analyse the literature on succession and corporate governance processes in family firms in keeping with this still developing concept and thereby not only contributing to advancing knowledge on this field but also proposing a conceptual model of analysis and a future research agenda.Design/methodology/approachThe authors carried out a review and systematisation of the literature according to its different thematic groups through recourse to VOSviewer software and content analysis to establish a systematised and integrated structure of the reference literature based on a sample of 218 studies published and indexed on the Web of Science and SCOPUS databases between 2010 and 2021.FindingsThe results portray five leading clusters, specifically, (1) SEW and family firm performance; (2) SEW and the focus on leadership as a precursor to succession; (3) family firms, SEW and corporate social governance; (4) family firm innovation and performance; and (5) family ownership and management. The authors then put forward a conceptual model of analysis both to better integrate these topics and as a proposition for application in future research projects.Originality/valueThe study provides a new and solid systematisation of the literature and supports the argument that family firms concentrating on developing the leader's SEW increase the probability of structuring a successful succession process as well as the likelihood of achieving higher quality corporate governance.

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Section: Thematic Groupsmentioning

confidence: 99%

Section: Thematic Groupsmentioning

confidence: 99%

The socioemotional wealth of leaders in family firm succession and corporate governance processes: a systematic literature review

Marques

Leitão²,

Ferreira³

et al. 2023

IJEBR

View full text Add to dashboard Cite

show abstract

“…, 2019). Third, FBs that prioritize SEW are likely to develop their social capital (Llanos-Contreras et al. , 2021), which can be of both external and internal nature.…”

Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

“…They adopt behaviors aimed at enhancing the firm's social status (Davis et al, 2000), focus on differentiation, seek external support and cultivate dynamic and proactive attitudes (Arzubiaga et al, 2019). Third, FBs that prioritize SEW are likely to develop their social capital (Llanos-Contreras et al, 2021), which can be of both external and internal nature. Firms with a strong emphasis on SEW are inclined to anticipate and meet stakeholder demands, thereby strengthening social ties with internal and external stakeholders (Cennamo et al, 2012).…”

Section: Family Firm Entrepreneurial Orientationmentioning

confidence: 99%

Family firm entrepreneurial orientation: the effects of socio-emotional wealth, professionalization and bifurcation bias

Rosecká,

Machek

2023

JSBED

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PurposeThis paper aims to examine the effects of socio-emotional wealth importance (SEWi) in family firms and family firm-specific HR practices, namely professionalization and bifurcation bias, on their entrepreneurial orientation (EO).Design/methodology/approachThe paper surveyed 133 small and medium-sized family firms in the USA. The respondents were recruited through Prolific Academic.FindingsWhen SEWi is low, a family firm becomes more similar to a non-family firm, thereby enjoying the benefits associated with EO. When SEWi is high, a family firm leverages the unique resources and capabilities specific to family firms. Moderate SEWi levels are associated with lower EO levels. Additionally, the results support the argument that professionalization (involving non-family managers, formalization and decentralization) fosters EO, while bifurcation bias hinders its development.Originality/valueUnlike previous studies, this paper posits a non-linear, U-shaped relationship between SEWi and EO. It contributes to the field by empirically investigating the effects of professionalization and bifurcation bias on EO in family firms.

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“…Recently, Llanos-Contreras, Baier-Fuentes and Valdés (2020) reported that an individual's risk-taking propensity, behavior and strategies depend on his/her previous experiences. So individuals high in risk-taking traits make risky decisions, and they do so by anticipating the enormous growth of the family business, which results in successful succession transition.…”

Section: Risk-takingmentioning

confidence: 99%

Personality trait imprints across generations: small family business context

Ahmad

Sharif

Alrashid

et al. 2022

REGE

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PurposeThe purpose of this study is to investigate how the congruence between predecessor and successor personality traits (PTs) with the values of their small family business (SFB) contributes to a successful succession transition across generations.Design/methodology/approachThe conceptual model method was employed in this investigation, which describes an entity and identifies issues that should be considered in a study (MacInnis, 2011). It involves a form of theorizing that seeks to create a nomological network around the focal concept, to examine and detail the causal linkages and mechanisms at play (Delbridge and Fiss, 2013).FindingsDrawing on the trait activation theory (TAT), this study conceptualizes that the congruence of the successor's PTs with those of the predecessor, as well as the values, transitions and nature of the assigned task, activates the successor's PTs and motivates him to work diligently for a successful succession transition while preserving the business's core values established by the founder.Research limitations/implicationsThis study is an eye-opener for strategists and SFB predecessors to ponder the successor's PTs disparities across generations. Additionally, it urges them to consider the congruence of SFB's values and nature of operations with the successor's PTs for successful succession transition. Thus, such awareness may contribute to stabilizing the SFB's survival rate.Originality/valueThis study contributed to the existing literature by answering how predecessor’s and successor's PTs congruence and SFB's values and nature of operations congruence with their PTs may contribute to successful succession transition across generations. This study contributed to the TAT by thematically explaining the organizational cues to bridge a relationship between entrepreneurial personality traits (EPT) and succession success of SFBs.

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Direct and indirect effects of SEWi, family human capital and social capital on organizational social capital in small family firms

Cited by 14 publications

References 52 publications

The socioemotional wealth of leaders in family firm succession and corporate governance processes: a systematic literature review

The socioemotional wealth of leaders in family firm succession and corporate governance processes: a systematic literature review

Family firm entrepreneurial orientation: the effects of socio-emotional wealth, professionalization and bifurcation bias

Personality trait imprints across generations: small family business context

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