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

Shainaz Firfiray, Luis R. Gomez-Mejia

Research output: Contribution to journalReview articlepeer-review

43 Scopus citations

Abstract

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.

Original languageEnglish (US)
Pages (from-to)249-257
Number of pages9
JournalBRQ Business Research Quarterly
Volume24
Issue number3
DOIs
StatePublished - 2021

Keywords

  • Covid-19
  • Family firms
  • crisis
  • pandemic
  • socioemotional wealth

ASJC Scopus subject areas

  • Business and International Management
  • General Business, Management and Accounting
  • Economics and Econometrics
  • Strategy and Management

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