Can family firms nurture socioemotional wealth in the aftermath of Covid-19? Implications for research and practice

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 affec...

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Detalles Bibliográficos
Autores principales: Firfiray, Shainaz, Gomez-Mejia, Luis R
Formato: Online Artículo Texto
Lenguaje:English
Publicado: SAGE Publications 2021
Materias:
Essays
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8053484/
http://dx.doi.org/10.1177/23409444211008907
Descripción
Sumario: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

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