The origins and development of socioemotional wealth within next-generation family members: an interpretive grounded theory study
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Date
2019-12-04
Authors
Murphy, Linda
Huybrechts, Jolien
Lambrechts, Frank
Journal Title
Journal ISSN
Volume Title
Publisher
Sage Publications
Published Version
Abstract
Adopting an interpretive grounded theory approach, we find that key events in the early lives of next-generation family members fuel a sense of belonging and identity, which lies at the heart of their socioemotional wealth. As next-generation family members interact more with the family business, they interpret nonfinancial aspects of the firm as an answer to a larger variety of affective needs, which broadens and strengthens their interactive socioemotional wealth frame of mind. In line with our life course theory lens, we observe how key events that build up socioemotional wealth greatly influence the life paths of next-generation family members.
Description
Keywords
Socioemotional wealth , Family business experiences , Life course , Next-generation family members , Grounded theory
Citation
Murphy, L., Huybrechts, J. and Lambrechts, F. (2019) 'The Origins and Development of Socioemotional Wealth Within Next-Generation Family Members: An Interpretive Grounded Theory Study', Family Business Review, 32(4), pp. 396-424. doi: 10.1177/0894486519890775
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Copyright
© The Author(s) 2019. Published by Sage Publications.