From "Fiber" To "Fire": Construct Validation And Refinement Of The Socioemotional Wealth Scale In Family Firms

Entrepreneurship and Regional Development

69 Pages Posted: 31 Dec 2024 Last revised: 31 Dec 2024

See all articles by Lucia Naldi

Lucia Naldi

Jonkoping University - Jonkoping International Business School (JIBS)

Mattias Nordqvist

Jonkoping University - Jonkoping International Business School (JIBS); Babson College - Arthur M. Blank Center for Entrepreneurship

Francesco Chirico

Jonkoping University - Jonkoping International Business School (JIBS); Macquarie University, Macquarie Business School

Luis R. Gómez-mejia

Arizona State University

Blake Ashforth

Arizona State University (ASU)

Richard Swartz

Rice University - Jesse H. Jones Graduate School of Business

L. E. Melin

Jönköping University

Date Written: November 29, 2024

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.

Suggested Citation

Naldi, Lucia and Nordqvist, Mattias and Chirico, Francesco and Chirico, Francesco and Gómez-mejia, Luis R. and Ashforth, Blake and Swartz, Richard and Melin, L. E., From "Fiber" To "Fire": Construct Validation And Refinement Of The Socioemotional Wealth Scale In Family Firms (November 29, 2024). Entrepreneurship and Regional Development, Available at SSRN: https://ssrn.com/abstract=5039282 or http://dx.doi.org/10.2139/ssrn.5039282

Lucia Naldi

Jonkoping University - Jonkoping International Business School (JIBS) ( email )

Jönköping, 55111
Sweden

Mattias Nordqvist

Jonkoping University - Jonkoping International Business School (JIBS) ( email )

Jönköping, 55111
Sweden

Babson College - Arthur M. Blank Center for Entrepreneurship

231 Forest Street
Babson Park, MA 02457-0310
United States

Francesco Chirico (Contact Author)

Jonkoping University - Jonkoping International Business School (JIBS) ( email )

Jönköping, 55111
Sweden

Macquarie University, Macquarie Business School ( email )

New South Wales 2109
Australia

Luis R. Gómez-mejia

Arizona State University ( email )

Blake Ashforth

Arizona State University (ASU) ( email )

Farmer Building 440G PO Box 872011
Tempe, AZ 85287
United States

Richard Swartz

Rice University - Jesse H. Jones Graduate School of Business ( email )

6100 South Main Street
P.O. Box 1892
Houston, TX 77005-1892
United States

L. E. Melin

Jönköping University ( email )

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