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.

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Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access page (https://uk.sagepub.com/aboutus/openaccess.htm).

Cite as

Firfiray, S. & Gomez-Mejia, L. 2021, 'Can family firms nurture socioemotional wealth in the aftermath of Covid-19? Implications for research and practice', BRQ Business Research Quarterly, 24(3), pp. 249-257. https://doi.org/10.1177/23409444211008907

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Last updated: 16 April 2024
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