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Socioemotional wealth in volatile, uncertain, complex, and ambiguous contexts: The case of family firms in Latin America and the Caribbean
Socioemotional wealth in volatile, uncertain, complex, and ambiguous contexts: The case of family firms in Latin America and the Caribbean
Date
06/12/2022
Author(s)
Gomez-Mejia, L. R., Mendoza-Lopez, A., Cruz, C., Duran, P., & Aguinis, H
Organization
Journal of Family Business Strategy
Publication
Publication Type
Academic Research
The paradoxical nature of Latin America and the Caribbean (LAC) provides unique opportunities to advance management theory. Focusing on a dominant theoretical framework, Socioemotional Wealth (SEW), we argue that basic contextual features of LAC, namely the concept of extended family and the volatile, uncertain, complex, and ambiguous environment, make business families “SEW intensive” and “SEW sensitive”.