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Big data in family firms: A socioemotional wealth perspective

Author

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  • Arzubiaga, Unai
  • Diaz-Moriana, Vanessa
  • Bauweraerts, Jonathan
  • Escobar, Octavio

Abstract

Since about 2010, big data analysis has drastically changed the landscape of information management by becoming a central topic in the academic literature of several fields. Despite the significant contribution of family firms to the economic fabric worldwide and their unique decision-making processes, there is a lack of research investigating big data in family-owned businesses. To address this gap, this article draws on the socioemotional wealth (SEW) perspective and its FIBER model to conceptually investigate its role in family firms’ decision to implement big data. We introduce a set of propositions and a framework linking the FIBER dimensions to the likeliness of implementing big data in family firms. Our research thus contributes to a more fine-grained understanding of the decision-making process in family firms.

Suggested Citation

  • Arzubiaga, Unai & Diaz-Moriana, Vanessa & Bauweraerts, Jonathan & Escobar, Octavio, 2021. "Big data in family firms: A socioemotional wealth perspective," European Management Journal, Elsevier, vol. 39(3), pages 344-352.
    • Handle: RePEc:eee:eurman:v:39:y:2021:i:3:p:344-352
    DOI: 10.1016/j.emj.2020.10.006
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    2. Chii-Shyan Kuo, 2022. "Family firms, tax avoidance, and socioemotional wealth: evidence from tax reform in Taiwan," Review of Quantitative Finance and Accounting, Springer, vol. 58(4), pages 1535-1572, May.
    3. Mangiò, Federico & Mismetti, Marco & Lissana, Elena & Andreini, Daniela, 2023. "That's the Press, Baby! How journalists co-create family business brands meanings: A mixed method analysis," Journal of Business Research, Elsevier, vol. 161(C).
    4. Taewoo Kim & Jennifer C. Sexton & Laura E. Marler, 2023. "Innovation as a mixed gamble in family firms: the moderating effect of inter-organizational cooperation," Small Business Economics, Springer, vol. 60(4), pages 1389-1408, April.
    5. Ismael Barros-Contreras & Jesús Manuel Palma-Ruiz & Angel Torres-Toukoumidis, 2021. "Organizational Capabilities for Family Firm Sustainability: The Role of Knowledge Accumulation and Family Essence," Sustainability, MDPI, vol. 13(10), pages 1-17, May.
    6. Manel Plana-Farran & José Luis Gallizo, 2021. "The Survival of Family Farms: Socioemotional Wealth (SEW) and Factors Affecting Intention to Continue the Business," Agriculture, MDPI, vol. 11(6), pages 1-16, June.

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