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Temporality and the role of shocks in explaining changes in socioemotional wealth and entrepreneurial orientation of small and medium family enterprises

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  • Orlando Llanos-Contreras

    (Universidad Católica de la Ssma. Concepción)

  • Muayyad Jabri

    (University of New England)

  • Pramodita Sharma

    (University of Vermont)

Abstract

This paper explores the relationship between the nature of shocks (family vs. business related), the relative importance of socioemotional wealth importance (SEWi) dimensions (family prominence, enrichment and continuity), and the entrepreneurial orientation (EO) of family firms over time. An exploratory multiple case research based on critical realism was conducted to theorize on how shocks define socially constructed time, which in turn explains the social dynamic behind family firms’ priorities and routines exposing EO. By integrating socioemotional wealth (SEW) framework to time and routine framework from organizations studies, it is proposed that shocks determine the formation and speed of evolution of estuaries of time in family firms. This also explains which are the priorities driving decisions of change or stability within these firms as well as the social and emotional dynamic between the family and the businesses explaining changes in EO.

Suggested Citation

  • Orlando Llanos-Contreras & Muayyad Jabri & Pramodita Sharma, 2019. "Temporality and the role of shocks in explaining changes in socioemotional wealth and entrepreneurial orientation of small and medium family enterprises," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1269-1289, December.
    • Handle: RePEc:spr:intemj:v:15:y:2019:i:4:d:10.1007_s11365-019-00595-4
    DOI: 10.1007/s11365-019-00595-4
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    3. Orlando Llanos-Contreras & Hugo Baier-Fuentes & María Huertas González-Serrano, 2022. "Direct and indirect effects of SEWi, family human capital and social capital on organizational social capital in small family firms," International Entrepreneurship and Management Journal, Springer, vol. 18(4), pages 1403-1418, December.
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    7. Yela Aránega, Alba & Del Val Núñez, Mª Teresa & Castaño Sánchez, Rafael, 2020. "Mindfulness as an intrapreneurship tool for improving the working environment and self-awareness," Journal of Business Research, Elsevier, vol. 115(C), pages 186-193.
    8. Hernández-Perlines, Felipe & Covin, Jeffrey G. & Ribeiro-Soriano, Domingo E., 2021. "Entrepreneurial orientation, concern for socioemotional wealth preservation, and family firm performance," Journal of Business Research, Elsevier, vol. 126(C), pages 197-208.

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