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Extending the Socioemotional Wealth Perspective: A Look at the dark Side

Franz W. Kellermanns, Kimberley H. Eddleston & Thomas Zellweger

abstract We extend the socioemotional wealth (SEW) perspective by arguing that SEW can be negatively associated with proactive stakeholder engagement (PSE). We further suggest that the SEW dimensions can be associated with positive or negative valence. Lastly, we propose that negatively valenced SEW dimensions lead to family centric behavior, which negatively affects PSE. This multifaceted conceptualization of SEW allows us to explain how family firms can partake in harmful stakeholder behaviors despite having seemingly strong SEW. Our paper suggests that SEW can be either an affective endowment or burden for family firms and their constituents.
   
type journal paper
   
keywords Socioemotional Wealth, Emotional Value, Family Firm, Family Business
   
project Value and Performance in Family Firms
language English
kind of paper journal article
date of appearance 11-2012
journal Entrepreneurship: Theory and Practice
publisher Wiley (Oxford)
ISSN 1042-2587
ISSN (online) 1541-6520
DOI 10.1111/j.1540-6520.2012.00544.x
volume of journal 36
number of issue 6
page(s) 1175-1182
review double-blind review
   
profile area SoM - Responsible Corporate Competitiveness (RoCC)
citation Kellermanns, F. W., Eddleston, K. H., & Zellweger, T. (2012). Extending the Socioemotional Wealth Perspective: A Look at the dark Side. Entrepreneurship: Theory and Practice, 36(6), 1175-1182, DOI:10.1111/j.1540-6520.2012.00544.x.