Socioemotional Wealth, Ambidexterity, and Family Firm Performance: An Empirical Study

Sieger, Philipp; Treude, Moritz; Zellweger, Thomas (2015). Socioemotional Wealth, Ambidexterity, and Family Firm Performance: An Empirical Study (Unpublished). In: 15th Annual IFERA World Family Business Research Conference. Hamburg (Germany). June 30 - July 3, 2015.

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While family business literature agrees that family firms are driven by both non-economic and financial motives, it is unclear how the prioritization of socioemotional wealth (SEW) over financial considerations affects family firms' financial performance. Based on a sample of 343 family firm owners from German-speaking Europe, this study reveals a significant and positive relationship between the firm owners' SEW considerations and their family businesses' financial performance. This relationship, in turn, is found to be mediated by organizational ambidexterity. A fine-grained analysis of the different SEW dimensions indicates that this pattern may be driven by two elements of socioemotional wealth only (family members' identification with the firm and emotional attachment). Our findings demonstrate that business families do not necessarily face a trade-off when prioritizing the preservation of their SEW over stabilizing or improving the financial performance of their business. The study enriches several streams of literature and opens up numerous avenues for future research.

Item Type:

Conference or Workshop Item (Paper)

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Department of Business Management > Institute of Innovation Management > Management

UniBE Contributor:

Sieger, Philipp

Subjects:

300 Social sciences, sociology & anthropology > 330 Economics
600 Technology > 650 Management & public relations

Language:

English

Submitter:

Philipp Sieger

Date Deposited:

19 Jul 2016 10:43

Last Modified:

22 Jul 2016 08:52

URI:

https://boris.unibe.ch/id/eprint/84222

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