Isabelle Le Breton-Miller is Chair Associate Professor at HEC Montreal, Montréal, Québec, Canada, and Senior Research Fellow at the University of Alberta, Edmonton, Alberta, Canada.
Socioemotional Wealth Across the Family Firm Life Cycle: A Commentary on “Family Business Survival and the Role of Boards”
Article first published online: 30 SEP 2013
© 2013 Baylor University
Entrepreneurship Theory and Practice
Family Business Special Issue
Volume 37, Issue 6, pages 1391–1397, November 2013
How to Cite
Le Breton-Miller, I. and Miller, D. (2013), Socioemotional Wealth Across the Family Firm Life Cycle: A Commentary on “Family Business Survival and the Role of Boards”. Entrepreneurship Theory and Practice, 37: 1391–1397. doi: 10.1111/etap.12072
The authors would like to thank Louise Scholes, Pramodita Sharma, Nick Wilson, and Mike Wright for their helpful comments. They also acknowledge support from the Social Sciences and Humanities Research Council of Canada.
- Issue published online: 6 NOV 2013
- Article first published online: 30 SEP 2013
The differences among family firms can be as telling as their overall distinctiveness from other forms of enterprise. In order to advance and condition the arguments of Wilson, Wright, and Scholes, we employ a typology of family firm evolutionary development to illustrate how changes in patterns of family involvement in the business can influence several socioemotional wealth priorities and how these in turn can shape the board composition required to enhance firm survival. We conclude by arguing how public listing and environmental competitive circumstances can condition these relationships.