TY - JOUR
T1 - Measuring socioemotional wealth in family-owned and -managed firms: A validation and short form of the FIBER Scale
AU - Hauck, Jana
AU - Suess-Reyes, Julia
AU - Beck, Susanne
AU - Prügl, Reinhard
AU - Frank, Hermann
PY - 2016
Y1 - 2016
N2 - Socioemotional wealth (SEW) is a key concept in family business research. The proposed FIBER scale as a direct and multidimensional measure of SEW is therefore a significant research achievement. We refined the scale by validating and thereby shortening it, using a sample of 216 family-owned and -managed firms with up to 500 employees in the German-speaking area. The validation reveals different degrees of validity across the five FIBER dimensions, resulting in a revised short form called the REI scale that comprises nine items that measure the core affective endowments a family may derive from controlling a firm. Based on our empirical validation, we discuss theoretical implications for the further development of a sound SEW measure.
AB - Socioemotional wealth (SEW) is a key concept in family business research. The proposed FIBER scale as a direct and multidimensional measure of SEW is therefore a significant research achievement. We refined the scale by validating and thereby shortening it, using a sample of 216 family-owned and -managed firms with up to 500 employees in the German-speaking area. The validation reveals different degrees of validity across the five FIBER dimensions, resulting in a revised short form called the REI scale that comprises nine items that measure the core affective endowments a family may derive from controlling a firm. Based on our empirical validation, we discuss theoretical implications for the further development of a sound SEW measure.
UR - http://www.sciencedirect.com/science/article/pii/S1877858515300218
U2 - 10.1016/j.jfbs.2016.08.001
DO - 10.1016/j.jfbs.2016.08.001
M3 - Journal article
SN - 1877-8585
VL - 7
SP - 133
EP - 148
JO - Journal of Family Business Strategy
JF - Journal of Family Business Strategy
IS - 3
ER -