Exploring the Connection Between Socio-Emotional Wealth and Familiarity
an Integrative Conceptual Framework
Abstract
The present work starts exploring in the literature the predominant approaches used to address the influence of the family in the business, with the aim of proposing a possible correspondence between two aspects that are presented as exclusive to family businesses and that contribute to explain a Distinctive behavior vis-à-vis non-family members: socio-emotional wealth and familiarity -socioemotional wealth and family-ness, by its meaning in English. In this sense, and when recognizing that it is a particular vision that intends to reflect and contribute to the knowledge of these organizations and, at the same time, complement other visions, both perspectives are reviewed from the theory to conclude, finally, that the family or non-financial objectives that make up the emotional stock are those that give rise to and shape the distinctive resources of the family-owned company.
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