Abstract

This study aims to depict the current state of research on socioemotional wealth (SEW) in family businesses considering its definitions, roles and dimensions. We develop a systematic review of literature on SEW covering 56 studies published between 2007 and 2021 to propose a comprehensive definition of SEW based on four non-financial aspects, as well as an association model that reviews the roles of SEW as an antecedent, consequence or moderator. We also offer a new conceptual model for SEW comprising a general dimension and ten specific dimensions to facilitate empirical inquiries into areas beyond those considered by extant SEW models.

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