From “FIBER” to “FIRE”: construct validation and refinement of the socioemotional wealth scale in family firms

Lucia Naldi; Mattias Nordqvist; Francesco Chirico; Luis Gómez-Mejia; Blake E. Ashforth; Richard Swartz; Leif Melin

doi:10.1080/08985626.2024.2328294

From “FIBER” to “FIRE”: construct validation and refinement of the socioemotional wealth scale in family firms

Lucia Naldi, Mattias Nordqvist, Francesco Chirico, Luis Gómez-Mejia, Blake E. Ashforth, Richard Swartz, Leif Melin

Department of Management

Research output: Contribution to journal › Article › peer-review

18 Citations (Scopus)

Abstract

The socio-emotional wealth perspective is a framework widely used to examine managerial decisions, particularly within the field of family business. We evaluate, refine, and validate the FIBER 27-item scale developed by Berrone et al. (2012) as a psychometric instrument to measure the socioemotional wealth construct (SEW), defined as affective endowment embedded by family owners in their business. The findings suggest that SEW is a superordinate multidimensional construct that captures socioemotional utilities in family firms and their impact on financial performance.

Original language	English
Number of pages	36
Journal	Entrepreneurship and Regional Development
DOIs	https://doi.org/10.1080/08985626.2024.2328294
Publication status	E-pub ahead of print - 15 Mar 2024

Keywords

Socio-emotional wealth
family business
FIBER
FIRE
firm performance
scale validation

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10.1080/08985626.2024.2328294Licence: CC BY

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AU - Naldi, Lucia

AU - Nordqvist, Mattias

AU - Chirico, Francesco

AU - Gómez-Mejia, Luis

AU - Ashforth, Blake E.

AU - Swartz, Richard

AU - Melin, Leif

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AB - The socio-emotional wealth perspective is a framework widely used to examine managerial decisions, particularly within the field of family business. We evaluate, refine, and validate the FIBER 27-item scale developed by Berrone et al. (2012) as a psychometric instrument to measure the socioemotional wealth construct (SEW), defined as affective endowment embedded by family owners in their business. The findings suggest that SEW is a superordinate multidimensional construct that captures socioemotional utilities in family firms and their impact on financial performance.

KW - Socio-emotional wealth

KW - family business

KW - FIBER

KW - FIRE

KW - firm performance

KW - scale validation

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JO - Entrepreneurship and Regional Development

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ER -

From “FIBER” to “FIRE”: construct validation and refinement of the socioemotional wealth scale in family firms

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Keywords

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