Back to the Roots: Applying the Concept of Individual Human Values to Understand Family Firm Behavior

Ruf, Julian; Graffius, Michael; Wolff, Sven; Moog, Petra; Felden, Birgit (2021). Back to the Roots: Applying the Concept of Individual Human Values to Understand Family Firm Behavior Family Business Review, 34(1), pp. 48-70. Sage 10.1177/0894486520944282

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This study examines the influence of individual owner-manager values on the different dimensions of socioemotional wealth in family firms. We argue that values of owner-managers in family firms are one of the underlying motivators for socioemotional wealth behavior and used structural equation modeling to test the assumed connection. The results of our data set with 1,003 cases show, in accordance with Schwartz’s value dimensions, that social- and person-oriented values influence different dimensions of the FIBER scale. Our findings help understand the importance of individual values, advance socioemotional wealth research, and contribute to the understanding of family firm behavior.

Item Type:

Journal Article (Original Article)

Division/Institute:

Business School > Institute for New Work
Business School

Name:

Ruf, Julian;
Graffius, Michael;
Wolff, Sven;
Moog, Petra and
Felden, Birgit

ISSN:

0894-4865

Publisher:

Sage

Language:

English

Submitter:

Julian Ruf

Date Deposited:

01 Oct 2024 11:40

Last Modified:

01 Oct 2024 11:40

Publisher DOI:

10.1177/0894486520944282

Uncontrolled Keywords:

family firm, socioemotional wealth, values, behavior

ARBOR DOI:

10.24451/arbor.22371

URI:

https://arbor.bfh.ch/id/eprint/22371

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