Measuring Socioemotional Wealth in Family-owned and -managed Firms: A Validation and Short Form of the FIBER Scale

Jana Hauck, Julia Suess-Reyes, Susanne Beck, Reinhard Prügl, Hermann Frank

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

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.
Original languageEnglish
JournalJournal of Family Business Strategy
Volume7
Issue number3
Pages (from-to)133-148
Number of pages16
ISSN1877-8585
DOIs
Publication statusPublished - Sep 2016
Externally publishedYes

Keywords

  • Family firm
  • Socioemotional wealth (SEW)
  • Scale validation
  • FIBER scale
  • REI scale
  • Affective endowment

Cite this