Family business trans-generational succession in extreme contexts: a socio-emotional wealth perspective
by Grace Khoury; Niveen Eid; Elena Noor Khoury
International Journal of Entrepreneurship and Small Business (IJESB), Vol. 51, No. 3, 2024

Abstract: This paper contributes to the family business literature by exploring the link between trans-generational succession and socio emotional wealth (SEW) from an institutional perspective. It examines the neglected role of the macro environment in the formation of SEW. A single case study of a family firm is investigated. The firm has successfully experienced trans-generational succession in Palestine, an 'extreme context' that is underrepresented in the current literature. Findings are drawn based on the utilisation of an exploratory inductive research approach. Results reveal that having an 'opportunistic entrepreneurship' style is a driving force in exploiting the macro environmental challenges which exist where family firms operate. Along with adopting micro mechanisms at an organisational level, a collective nature of SEW characterised by strong family identification was formed. The paper concludes by presenting a fresh perspective of constructive trans-generational succession of family firms operating in volatile environments and exhibiting resilience to uncontrollable challenges.

Online publication date: Wed, 31-Jan-2024

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Entrepreneurship and Small Business (IJESB):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com