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
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author Firfiray, Shainaz
Gomez-Mejia, Luis R
author_facet Firfiray, Shainaz
Gomez-Mejia, Luis R
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description 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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spelling pubmed-80534842021-04-19 Can family firms nurture socioemotional wealth in the aftermath of Covid-19? Implications for research and practice Firfiray, Shainaz Gomez-Mejia, Luis R Business Research Quarterly Essays 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 SAGE Publications 2021-04-15 /pmc/articles/PMC8053484/ http://dx.doi.org/10.1177/23409444211008907 Text en © The Author(s) 2021 https://creativecommons.org/licenses/by-nc/4.0/This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access pages (https://us.sagepub.com/en-us/nam/open-access-at-sage).
spellingShingle Essays
Firfiray, Shainaz
Gomez-Mejia, Luis R
Can family firms nurture socioemotional wealth in the aftermath of Covid-19? Implications for research and practice
title Can family firms nurture socioemotional wealth in the aftermath of Covid-19? Implications for research and practice
title_full Can family firms nurture socioemotional wealth in the aftermath of Covid-19? Implications for research and practice
title_fullStr Can family firms nurture socioemotional wealth in the aftermath of Covid-19? Implications for research and practice
title_full_unstemmed Can family firms nurture socioemotional wealth in the aftermath of Covid-19? Implications for research and practice
title_short Can family firms nurture socioemotional wealth in the aftermath of Covid-19? Implications for research and practice
title_sort can family firms nurture socioemotional wealth in the aftermath of covid-19? implications for research and practice
topic Essays
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8053484/
http://dx.doi.org/10.1177/23409444211008907
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