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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/23462

Title: Socio-emotional wealth separation and decision making quality in family firm TMTs: The moderating role of psychological safety
Authors: Vandekerkhof, Pieter
Steijvers, Tensie
Hendriks, Walter
Voordeckers, Wim
Issue Date: 2018
Citation: JOURNAL OF MANAGEMENT STUDIES, 55 (4), p. 648-676
Status: Early View
Abstract: Socio-emotional wealth (SEW), defined as the firm's non-financial aspects meeting the family's affective needs, has become the dominant paradigm in family firm research. Recent debate acknowledges potential SEW heterogeneity within family firms. This study considers the effect of polarizing opinions on SEW preservation among TMT members as a source of separation in the TMT. More concretely, we study the effect of SEW separation on TMT decision making quality, while taking into consideration behavioral integration as a team process and psychological safety as a team context. Based on a unique multiple respondent sample of 300 managers from 55 Belgian private family firms, we find that behavioral integration mediates the negative effect of SEW separation on TMT decision making quality. In addition, we find that the negative effect of SEW separation on behavioral integration is mitigated by psychological safety and even turns into a positive effect at high levels of psychological safety. This article is protected by copyright. All rights reserved.
Notes: Vandekerkhof, P (reprint author), Hasselt Univ, Agoralaan,Bldg D, B-3590 Diepenbeek, Belgium. pieter.vandekerkhof@uhasselt.be
URI: http://hdl.handle.net/1942/23462
Link to publication: https://www.researchgate.net/publication/315949853_Socio-Emotional_Wealth_Separation_and_Decision-Making_Quality_in_Family_Firm_TMTs_The_Moderating_Role_of_Psychological_Safety
DOI: 10.1111/joms.12277
ISI #: 000432014600003
ISSN: 0022-2380
Category: A1
Type: Journal Contribution
Appears in Collections: Research publications

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