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Examining Heterogeneous Configurations of Socioemotional Wealth in Family Firms Through the Formalization of Corporate Social Responsibility Strategy

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Examining Heterogeneous Configurations of Socioemotional Wealth in Family Firms Through the Formalization of Corporate Social Responsibility Strategy. / Hsueh, Josh Wei-Jun; De Massis, Alfredo; Gomez-Mejia, Luis.
In: Family Business Review, Vol. 36, No. 2, 30.06.2023, p. 172-198.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

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Hsueh JW-J, De Massis A, Gomez-Mejia L. Examining Heterogeneous Configurations of Socioemotional Wealth in Family Firms Through the Formalization of Corporate Social Responsibility Strategy. Family Business Review. 2023 Jun 30;36(2):172-198. Epub 2023 Jan 20. doi: 10.1177/08944865221146350

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@article{dc91e831ee5848058dc05dd82c1adae6,
title = "Examining Heterogeneous Configurations of Socioemotional Wealth in Family Firms Through the Formalization of Corporate Social Responsibility Strategy",
abstract = "Family firms purportedly use different socioemotional wealth (SEW) reference points in choosing strategies, yet empirical research continues to use family involvement as a proxy for SEW. This study uses a configurational approach to examine how the multidimensionality of SEW may be used to explain the firm{\textquoteright}s chosen strategy. We use psychometric measures of the various SEW dimensions proposed by Berrone et al. to explain the formalization of corporate social responsibility (CSR) strategy as an example. We identify various SEW configurations to understand why family firms exhibit a preference for more formal or informal CSR strategies.",
keywords = "Finance, Business, Management and Accounting (miscellaneous)",
author = "Hsueh, {Josh Wei-Jun} and {De Massis}, Alfredo and Luis Gomez-Mejia",
year = "2023",
month = jun,
day = "30",
doi = "10.1177/08944865221146350",
language = "English",
volume = "36",
pages = "172--198",
journal = "Family Business Review",
issn = "0894-4865",
publisher = "SAGE Publications Inc.",
number = "2",

}

RIS

TY - JOUR

T1 - Examining Heterogeneous Configurations of Socioemotional Wealth in Family Firms Through the Formalization of Corporate Social Responsibility Strategy

AU - Hsueh, Josh Wei-Jun

AU - De Massis, Alfredo

AU - Gomez-Mejia, Luis

PY - 2023/6/30

Y1 - 2023/6/30

N2 - Family firms purportedly use different socioemotional wealth (SEW) reference points in choosing strategies, yet empirical research continues to use family involvement as a proxy for SEW. This study uses a configurational approach to examine how the multidimensionality of SEW may be used to explain the firm’s chosen strategy. We use psychometric measures of the various SEW dimensions proposed by Berrone et al. to explain the formalization of corporate social responsibility (CSR) strategy as an example. We identify various SEW configurations to understand why family firms exhibit a preference for more formal or informal CSR strategies.

AB - Family firms purportedly use different socioemotional wealth (SEW) reference points in choosing strategies, yet empirical research continues to use family involvement as a proxy for SEW. This study uses a configurational approach to examine how the multidimensionality of SEW may be used to explain the firm’s chosen strategy. We use psychometric measures of the various SEW dimensions proposed by Berrone et al. to explain the formalization of corporate social responsibility (CSR) strategy as an example. We identify various SEW configurations to understand why family firms exhibit a preference for more formal or informal CSR strategies.

KW - Finance

KW - Business, Management and Accounting (miscellaneous)

U2 - 10.1177/08944865221146350

DO - 10.1177/08944865221146350

M3 - Journal article

VL - 36

SP - 172

EP - 198

JO - Family Business Review

JF - Family Business Review

SN - 0894-4865

IS - 2

ER -