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.
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