Measuring socioemotional wealth in family-owned and -managed firms: A validation and short form of the FIBER Scale

•Empirical validation of the FIBER scale for privately-held family firms.•Theoretical validation of the FIBER scale.•Short form with three dimensions called “REI scale”.•REI captures the core affective endowments a family may derive from its ownership. Socioemotional wealth (SEW) is a key concept in...

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Bibliographic Details
Published in:Journal of family business strategy 2016-09, Vol.7 (3), p.133-148
Main Authors: Hauck, Jana, Suess-Reyes, Julia, Beck, Susanne, Prügl, Reinhard, Frank, Hermann
Format: Article
Language:English
Subjects:
Affective endowment
Family firm
FIBER scale
REI scale
Scale validation
Socioemotional wealth (SEW)
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Summary:•Empirical validation of the FIBER scale for privately-held family firms.•Theoretical validation of the FIBER scale.•Short form with three dimensions called “REI scale”.•REI captures the core affective endowments a family may derive from its ownership. 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.
ISSN:1877-8585
1877-8593
DOI:10.1016/j.jfbs.2016.08.001