Problematizing Socioemotional Wealth in Family Firms: A Systems-Theoretical Reframing

Item Type Journal paper
Abstract The concept of socioemotional wealth (SEW) seeks to present an independent paradigmatic basis for family-firm research, and in doing so aims to establish a sound basis for the scientific legitimacy of family-firm research. Establishing that legitimacy requires scholars to demonstrate that SEW is based on coherent assumptions on several theoretical levels. This paper uses the problematization methodology to challenge the coherence of the theoretical assumptions underpinning SEW and to advance theory development. The results of this problematization show that SEW is built on a theoretical level close to the object of research (in-house assumptions), but that more deeply-rooted theoretical levels (e.g. paradigmatic assumptions) are not sufficiently elaborated. Moreover, the original conceptualization is based on a positivist-mechanistic view, which hinders SEW reflecting the complex reality of family firms. Based on the results of this problematization, new systems theory is applied to reframe SEW’s theoretical grounding. Thereby the main contribution of the paper is a critical reflection on the theoretical underpinnings of SEW (in particular root-metaphor and paradigmatic assumptions), serving as the basis for advancing a coherent theoretical understanding of this important concept in family business research.
Authors Hasenzagl, Rupert; Hatak, Isabella & Frank, Hermann
Journal or Publication Title Entrepreneurship and regional development
Language English
Subjects business studies
Refereed Yes
Date 2018
Publisher Taylor & Francis
Place of Publication London [u.a.]
Volume 30
Number 1-2
Page Range 199-223
ISSN 0898-5626
ISSN-Digital 1464-5114
Publisher DOI
Depositing User Prof. Dr. Isabella Hatak
Date Deposited 16 Feb 2018 11:30
Last Modified 20 Jul 2022 17:34


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Hasenzagl, Rupert; Hatak, Isabella & Frank, Hermann (2018) Problematizing Socioemotional Wealth in Family Firms: A Systems-Theoretical Reframing. Entrepreneurship and regional development, 30 (1-2). 199-223. ISSN 0898-5626

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