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Family firm longevity and resource management: Financial and social-emotional wealth rationalities
Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).ORCID iD: 0000-0002-6229-3414
2015 (English)In: New ways of studying emotions in organizations / [ed] Charmine E. J. Härtel , Wilfred J. Zerbe , Neal M. Ashkanasy, Emerald Group Publishing Limited, 2015, 173-213 p.Chapter in book (Refereed)
Abstract [en]

In this chapter, we explore the impact of socioemotional and financial wealth on the resource management of family firms. We use MoDo, a Swedish pulp and paper firm, covering three generations of owner-managers from 1873 to 1991, to grasp the shifting emphases on socioemotional and financial wealth in the management of the company. Identifying four strategic issues of decisive importance for the development of MoDo, we analyze the organizational values that guided the management of these issues. We propose that financial and socioemotional wealth stand for two different rationalities that infuse organizational values. The MoDo case illustrates how these rationalities go hand in hand for extended periods of time, safeguarding both financial success and socioemotional endowments. However, in a situation where the rationalities are no longer in line with the development of the industry context, the conflict arising between the two rationalities may have fatal consequences for the firm in question.

Place, publisher, year, edition, pages
Emerald Group Publishing Limited, 2015. 173-213 p.
Series
Research on emotion in organizations, ISSN 1746-9791 ; 11
Keyword [en]
Family business; resource management; socioemotional wealth; organizational rationalities; guiding values
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-28075DOI: 10.1108/S1746-979120150000011008ISBN: 978-1-78560-221-4 (print)ISBN: 978-1-78560-220-7 (print)OAI: oai:DiVA.org:hj-28075DiVA: diva2:858111
Available from: 2015-10-01 Created: 2015-10-01 Last updated: 2015-12-21Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
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  • modern-language-association-8th-edition
  • vancouver
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Language
  • de-DE
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