CEO's empathy and salience of socioemotional wealth in family SMEs - The moderating role of external directors

S. Goel; W. Voordeckers; A.E.J. van Gils; J. van de Heuvel

doi:10.1080/08985626.2012.710262

CEO's empathy and salience of socioemotional wealth in family SMEs - The moderating role of external directors

S. Goel, W. Voordeckers^*, A.E.J. van Gils, J. van de Heuvel

^*Corresponding author for this work

Research output: Contribution to journal › Article › Academic › peer-review

Abstract

A focus on preserving socioemotional wealth may influence entrepreneurial activities in family firms. In this paper, we identify the emotion of empathy in the family CEO as an antecedent of socioemotional wealth creation. We argue that the presence of one or more external directors can have a direct as well as moderating influence on the relationship between CEO's empathy and the salience of socioemotional wealth to the family CEO. Our empirical tests confirm these hypotheses. Several areas of future research are suggested to incorporate empathy and other emotions in family business studies.

Original language	English
Pages (from-to)	111-134
Number of pages	24
Journal	Entrepreneurship and Regional Development
Volume	25
Issue number	3-4
DOIs	https://doi.org/10.1080/08985626.2012.710262
Publication status	Published - 1 Apr 2013

Keywords

CEO empathy
board of directors
socioemotional wealth
family businesses
FIRM PERFORMANCE
ALTRUISTIC MOTIVATION
CORPORATE GOVERNANCE
BOARD COMPOSITION
AFFILIATE DIRECTORS
RESEARCH AGENDA
BUSINESS
PERSPECTIVE
MANAGEMENT
SUCCESSION

Access to Document

10.1080/08985626.2012.710262

Cite this

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title = "CEO's empathy and salience of socioemotional wealth in family SMEs - The moderating role of external directors",

abstract = "A focus on preserving socioemotional wealth may influence entrepreneurial activities in family firms. In this paper, we identify the emotion of empathy in the family CEO as an antecedent of socioemotional wealth creation. We argue that the presence of one or more external directors can have a direct as well as moderating influence on the relationship between CEO's empathy and the salience of socioemotional wealth to the family CEO. Our empirical tests confirm these hypotheses. Several areas of future research are suggested to incorporate empathy and other emotions in family business studies.",

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author = "S. Goel and W. Voordeckers and {van Gils}, A.E.J. and {van de Heuvel}, J.",

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KW - FIRM PERFORMANCE

KW - ALTRUISTIC MOTIVATION

KW - CORPORATE GOVERNANCE

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