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Journal of Management, 35
Entrepreneurship Theory and Practice, 30
Journal of Managerial Issues, 29
Entrepreneurship Theory and Practice, 26
Entrepreneurship Theory and Practice, 36
Organizational Dynamics, 21
Academy of Management Journal, 55
Entrepreneurship Theory and Practice, 32
Journal of Management, 12
Journal of the Academy of Marketing Science, 43
Journal of Business Venturing, 27
Global Strategy Journal, 8
Entrepreneurship Theory and Practice, 38
Entrepreneurship Theory and Practice, 30
D. Baumann-Pauly (2017)
Assessing the true size of the garment industry in Bangladesh and why it matters. NYU stern center for business and human rights report, (online version)
Family Business Review, 17
Entrepreneurship Theory and Practice, 32
Entrepreneurship Theory and Practice, 36
Family Business Review, 25
Management Research: Journal of the Iberoamerican Academy of Management, 14
Communication for the Association for Information Systems, 4
Journal of Managerial Issues, 29
Entrepreneurship Theory and Practice, 23
International Entrepreneurship and Management Journal, 11
Journal of Operations Management, 22
MIS Quarterly, 22
Journal of Family Business Strategy, 6
Group and Organization Studies, 11
Journal of Management Studies, 44
Family Business Review, 10
Journal of Family Business Strategy, 2
Journal of Family Business Strategy, 4
Journal of Developmental Entrepreneurship, 13
Management International Review, 46
Journal of Family Business Strategy, 7
Family Business Review, 1
Journal of Family Business Strategy, 6
Family Business Review, 21
Entrepreneurship Theory and Practice, 37
Academy of Management Review, 33
International Journal of Management, 19
European Journal of International Management (Online Version), 12
Business Ethics Quarterly, 16
Marketing Bulletin, 24
Family Business Review, 31
Academy of Management Annals, 5
Journal of Family Business Strategy, 7
Entrepreneurship Theory and Practice, 37
Journal of Management Studies, 50
Management Research: Journal of the Iberoamerican Academy of Management, 14
Journal of Managerial Issues, 29
Family Business Review, 20
Strategic Management Journal, 5
Management Research: Journal of the Iberoamerican Academy of Management, 14
Administrative Science Quarterly, 55
Journal of Business Ethics, 133
British Journal of Management, 17
Administrative Science Quarterly, 52
Family Business Review, 12
Management Research Review, 37
Cross Cultural and Strategic Management, 25
Family Business Review, 21
Psychological Methods, 23
Journal of Small Business Management, 53
Academy of Management Journal, 42
Family Business Review, 28
Family Business Review, 25
Academy of Management Journal, 53
Psychological Review, 110
Entrepreneurship Theory and Practice, 32
International Journal of Economics of Business, 6
Journal of Business Research, 20
Journal of Marketing Research, 18
Journal of Family Business Strategy, 5
Family Business Review, 10
Entrepreneurship Theory and Practice, 38
Journal of Finance, 58
International Journal of Management Reviews, 17
Family Business Review, 21
Family Business Review, 17
Management Research: Journal of the Iberoamerican Academy of Management, 14
Organization Science, 1
Family Business Review, 9
Strategic Management Journal, 22
Journal of Management Studies, 44
Family Business Review, 25
Entrepreneurship Theory and Practice, 37
Journal of Family Business Strategy, 6
Academy of Management Review, 11
Entrepreneurship Theory and Practice, 38
Family Business Review, 8
Entrepreneurship Theory and Practice, 33
The Journal of Marketing Theory and Practice, 19
Asia Pacific Journal of Management, 28
Family Business Review, 16
Family Business Review, 23
Journal of Business Venturing, 27
Journal of Applied Psychology, 88
Scientific Research, 9
Journal of Small Business Management, 44
Entrepreneurship Theory and Practice, 36
Journal of Family Business Strategy, 5
Annual Review of Psychology, 63
Entrepreneurship Theory and Practice, 27
Entrepreneurship Theory and Practice, 39
Journal of Management, 23
Socioemotional wealth (SEW) has emerged as a defining concept that distinguishes family-owned business organizations from businesses that are not exclusively controlled by family coalitions. This empirical study expands the literature by presenting a more nuanced understanding of how individual dimensions of socioemotional wealth interacts with firm performance outcomes. Deploying the stakeholder theory, the purpose of this study is to propose a research model linking the five dimensions of SEW with firm performance to propose and test a set of hypotheses.Design/methodology/approachTo test the hypotheses, data were collected through a survey of 357 medium-to-large private family firms in Bangladesh that were involved in export-oriented production of ready-made garments. Based on structural equation modeling, the data were analyzed using SmartPLS.FindingsThe results indicate that out of the five dimensions of SEW, three dimensions – family identification, emotional attachment and renewal of bonds through dynastic succession – have a positive and significant impact on firm performance. On the other hand, family control and influence have a significant but negative impact on firm performance. The only exception is in the case of binding social ties, which indicate a non-significant relationship.Research limitations/implicationsBy attempting to provide a clearer and predictable link between family-centric non-economic goals and firm-centric business goals, the study contributes to theory building and attempts to address the conflict in the literature in the study of family involvement in management and performance of the business enterprise.Practical implicationsFor industry practitioners and family business owners, it could provide guidance on which family-centric goals would maximize benefits to the firm and address the family-based utilities. Future strategic plans aimed at growth and sustainability of family firms can derive important clues from the findings of this study and design actionable goals that leverage those dimensions of socioemotional wealth that have a positive impact on firm performance.Social implicationsSocial implications of ensuring survival of family businesses are significant because of their role as one of the largest sources of employment generation in most societies. Policymakers and regulatory authorities would be able to frame customized initiatives to foster growth and sustainability of family enterprises that have such large impact on the economy.Originality/valueTheoretical contribution of the study comes from a more nuanced understanding of relationships between the individual dimension of SEW and firm performance, which will delineate a more consistent and predictable link between family-centric goals and firm-level outcomes. From the perspective of practical contribution, this may provide useful guidelines to industry practitioners and policymakers to frame initiatives that enable growth and sustainability of family firms that are typically the largest employment generators in most economies.
Journal of Entrepreneurship in Emerging Economies – Emerald Publishing
Published: Aug 21, 2019
Keywords: Family business; Private family firms; Firm performance; Socioemotional wealth; Family-centric non-economic goals
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