TY  - CHAP
AB  - Abstract In this chapter, we explore the impact of socioemotional and financial wealth on the resource management of family firms. We use MoDo, a Swedish pulp and paper firm, covering three generations of owner-managers from 1873 to 1991, to grasp the shifting emphases on socioemotional and financial wealth in the management of the company. Identifying four strategic issues of decisive importance for the development of MoDo, we analyze the organizational values that guided the management of these issues. We propose that financial and socioemotional wealth stand for two different rationalities that infuse organizational values. The MoDo case illustrates how these rationalities go hand in hand for extended periods of time, safeguarding both financial success and socioemotional endowments. However, in a situation where the rationalities are no longer in line with the development of the industry context, the conflict arising between the two rationalities may have fatal consequences for the firm in question.
VL  - 11
SN  - 978-1-78560-220-7, 978-1-78560-221-4/1746-9791
DO  - 10.1108/S1746-979120150000011008
UR  - https://doi.org/10.1108/S1746-979120150000011008
AU  - Brunninge Olof
AU  - Melander Anders
PY  - 2015
Y1  - 2015/01/01
TI  - Family Firm Longevity and Resource Management: Financial and Social-Emotional Wealth Rationalities
T2  - New Ways of Studying Emotions in Organizations
T3  - Research on Emotion in Organizations
PB  - Emerald Group Publishing Limited
SP  - 173
EP  - 213
Y2  - 2024/09/20
ER  -