Can family firms nurture socioemotional wealth in the aftermath of Covid-19? Implications for research and practice. Issue 3 (July 2021)

• Record Type: Journal Article
• Authors: Firfiray, Shainaz; Gomez-Mejia, Luis R
• Other Names: Larrañeta Bárbara guest-editor.; Naldi Lucia guest-editor.
• Is Part Of: Business research quarterly. Volume 24:Issue 3(2021)
• Page Start: 249
• Page End: 257
• Publication Date: 2021-07
• Subjects: Family firms -- socioemotional wealth -- Covid-19 -- pandemic -- crisis; 658
• DOI: 10.1177/23409444211008907
• Languages: English
• ISSNs: 2340-9436

Abstract

Family firms are the most prevalent form of economic organization in the world, but despite their reputation for resilience and agility, many of them are facing enormous challenges due to the Covid-19 pandemic. In this essay, we examine how the pressures to respond to this health emergency are affecting the ability of family firms to preserve their socioemotional wealth (SEW). In addition, we also provide implications for family business research in a post-Covid world. JEL CLASSIFICATION: M10; M53; M54; L200; L210