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Back to the Roots: Applying the Concept of Individual Human Values to Understand Family Firm Behavior

Year: 2020

Type: article

Abstract: This study examines the influence of individual owner-manager values on the different dimensions of socioemotional wealth in family firms. We argue that values of owner-managers in family firms are one of the underlying motivators for socioemotional wealth behavior and used structural equation modeling to test the assumed connection. The results of our data set with 1,003 cases show, in accordance with Schwartz’s value dimensions, that social- and person-oriented values influence different dimensions of the FIBER scale. Our findings help understand the importance of individual values, advance socioemotional wealth research, and contribute to the understanding of family firm behavior.

Source: Family Business Review

DOI: 10.1177/0894486520944282

Authors: Philipp Julian Ruf, Michael Graffius, Sven Wolff, Petra Moog, Birgit Felden

Institutions: University of Siegen, Berlin School of Economics and Law

Language: English

Topic: Family Business Performance and Succession

Subfield: Organizational Behavior and Human Resource Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $3,000

OpenAlex ID: W3045567455

FWCI: 4.592

Cites: 113

Cited by: 36

Related to: 10