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Role of socioemotional wealth (SEW) in the internationalisation of family firms
International Journal of Entrepreneurial Behavior & Research ( IF 4.5 ) Pub Date : 2022-02-11 , DOI: 10.1108/ijebr-12-2021-0961
Apoorva Jain , Sonal Thukral , Justin Paul

PurposeFamily firms' desire to preserve and uphold socioemotional wealth (SEW) makes their internationalisation a complex phenomenon. Despite the significance of SEW in guiding family firms' internationalisation decisions, the literature in the underlying research stream is still scant and inconclusive. Thus, the purpose of the study is to gain preliminary insights about various dimensions of SEW and its impact on family firms' degree of internationalisation.Design/methodology/approachThe study employs the multi-case study research design. The multidimensional SEW scale developed by Berrone et al. (2012) is used to calculate the SEW scores for four prominent Indian family businesses through the content analysis of Chairman's Statements for a period of 13 years (2007–08 to 2019–20). Further, the study examines the relationship between SEW and family firms' degree of internationalisation through two non-parametric tests: Somers' D and Kendall-Theil regression.FindingsThe results reveal the prevalence of various dimensions of SEW in family businesses. They also indicate that different FIBER dimensions are prioritised differently in family businesses. Finally, the authors observe that there exists a negative relationship between SEW and internationalisation of family businesses, indicating that SEW hinders the internationalisation of family firms.Research limitations/implicationsThe study lends to the readers, the understanding that SEW plays a significant role in the internationalisation of family firms; thus, some modification might be needed in the existing international business theories in order to explain the role of peculiar family characteristics in the internationalisation decisions of family firms. Further, since SEW hinders the internationalisation of family firms, it raises a question for researchers and family business leaders: Do family firms need to work on their socioemotional ties to avoid making suboptimal decisions?Originality/valueThe study is a response to the call by Cleary et al. (2019) to utilise the results of content analysis of SEW in determining its impact on the family firms' external events. Majority of the studies are still using univariate measures (e.g. percentage of family ownership) to capture SEW. However, this study attempts to calculate the SEW scores of the family firms along these FIBER dimensions through content analysis. This helps in scrupulously capturing the impact of SEW in the internationalisation of family firms.

中文翻译:

社会情感财富 (SEW) 在家族企业国际化中的作用

目的家族企业维护和维护社会情感财富 (SEW) 的愿望使其国际化成为一种复杂现象。尽管 SEW 在指导家族企业的国际化决策方面具有重要意义,但基础研究流中的文献仍然很少且没有定论。因此,本研究的目的是初步了解SEW的各个维度及其对家族企业国际化程度的影响。设计/方法/方法本研究采用多案例研究设计。Berrone 等人开发的多维 SEW 量表。(2012) 用于通过对为期 13 年(2007-08 至 2019-20)的主席声明的内容分析来计算四个印度著名家族企业的 SEW 分数。更远,该研究通过两个非参数检验:Somers' D 和 Kendall-Theil 回归检验了 SEW 与家族企业国际化程度之间的关系。结果揭示了 SEW 在家族企业中各个维度的普遍性。他们还表明,不同的 FIBER 维度在家族企业中的优先级不同。最后,作者观察到 SEW 与家族企业的国际化之间存在负相关关系,表明 SEW 阻碍了家族企业的国际化。研究局限/启示本研究让读者认识到 SEW 在国际化中发挥着重要作用。家族企业;因此,为了解释特殊的家族特征在家族企业国际化决策中的作用,可能需要对现有的国际商业理论进行一些修改。此外,由于 SEW 阻碍了家族企业的国际化,它向研究人员和家族企业领导者提出了一个问题:家族企业是否需要加强他们的社会情感联系以避免做出次优决策?原创性/价值这项研究是对克利里号召的回应等。(2019) 利用 SEW 的内容分析结果确定其对家族企业外部事件的影响。大多数研究仍在使用单变量测量(例如家庭所有权百分比)来获取 SEW。然而,本研究试图通过内容分析计算家族企业在这些 FIBER 维度上的 SEW 分数。这有助于严格把握 SEW 在家族企业国际化中的影响。
更新日期:2022-02-11
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