Abstract/Description
The study adopted an in-depth qualitative approach to explore the family firm owners’ and managers’ perception about socioemotional wealth with the intent to uncover more factors that may fill in the missing gaps in the construct. Using purposive sampling, 13 semi-structured interviews were conducted with private family firm owners and managers. We found that each family has a different perception of socioemotional wealth depending on different family dynamics. The thematic analysis revealed many additional factors such as CEO or the key figurehead’s age and marital status, the interest level of family firms, the family environment at home, and the relationship with extended family that influence the extent of socioemotional wealth for different family firms. We also came across some interesting findings, such as the dimensions like binding social ties and identification of family members with the firm may not even be applicable in the Pakistani context, or may have a different understanding. The study also addressed the misconception that all dimensions may have an equal valence. We conclude that more work may be needed to re-conceptualize and re-operationalize the socioemotional wealth construct.
Keywords
Socioemotional wealth, SEW, family firm, family businesses, entrepreneurship
Track
Management
Session Number/Theme
Management - Session II
Session Chair
Dr. Muhammad Ayaz
Start Date/Time
13-6-2025 4:10 PM
End Date/Time
13-6-2025 5:30 PM
Location
MCC – 14 AMAN CED Building
Recommended Citation
Chang, A. A., Qazi, S. W., & Khaskhely, M. K. (2025). Is there more? A deep dive into the conceptualization of socioemotional wealth through exploratory qualitative study. IBA SBS 4th International Conference 2025. Retrieved from https://ir.iba.edu.pk/sbsic/2025/program/50
Included in
Business Administration, Management, and Operations Commons, Entrepreneurial and Small Business Operations Commons
Is there more? A deep dive into the conceptualization of socioemotional wealth through exploratory qualitative study
MCC – 14 AMAN CED Building
The study adopted an in-depth qualitative approach to explore the family firm owners’ and managers’ perception about socioemotional wealth with the intent to uncover more factors that may fill in the missing gaps in the construct. Using purposive sampling, 13 semi-structured interviews were conducted with private family firm owners and managers. We found that each family has a different perception of socioemotional wealth depending on different family dynamics. The thematic analysis revealed many additional factors such as CEO or the key figurehead’s age and marital status, the interest level of family firms, the family environment at home, and the relationship with extended family that influence the extent of socioemotional wealth for different family firms. We also came across some interesting findings, such as the dimensions like binding social ties and identification of family members with the firm may not even be applicable in the Pakistani context, or may have a different understanding. The study also addressed the misconception that all dimensions may have an equal valence. We conclude that more work may be needed to re-conceptualize and re-operationalize the socioemotional wealth construct.
Comments
Please do not submit to turnitin repository as I intend to publish the paper elsewhere.