This study explores the family governance structures that family firms employ to manage family business tensions.,Building on socioemotional wealth perspective and adopting a narrative methodological approach, the study analyses nine unique narratives of representatives of three Swedish family firms.,The study illustrates how the hybrid arena created between formal and informal family meetings is used as a governance structure for mitigating tensions by reinforcing family relational ties.,Based on the findings, this study suggests how reliance on hybrid arena informs the field of family business management and governance and suggests future research directions.,The findings of this study provide opportunities for family business practitioners, including owners, family members, family firm advisers and other stakeholders, to effectively manage family business tensions and foster socioemotional wealth.,In family firms, tensions can arise due to a desire for the preservation of socioemotional wealth. The authors show that these tensions may be managed by using informal and formal family meetings that create a hybrid arena where family members separate family and business issues and emotional and rational reactions, thereby avoiding negative emotions and creating a culture of harmony within the family.

中文翻译：

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处理家族企业的紧张关系：家族史的叙述

为了有效地管理家族企业的紧张关系并促进社会情感财富。在家族企业中，由于渴望保留社会情感财富而可能产生紧张关系。作者表明，可以通过使用非正式和正式的家庭会议来解决这些紧张关系，这些会议可以创建一个混合的场所，在这里，家庭成员将家庭和业务问题以及情感和理性反应分开，从而避免了负面情绪，并在家庭内部建立了和谐的文化。