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    Socio-emotional wealth preservation and alliance success in family firms: the role of political instability and alliance management capability

    Al-Tabbaa, O. and Nasr, A. and Zahoor, N. and De Silva, Muthu (2022) Socio-emotional wealth preservation and alliance success in family firms: the role of political instability and alliance management capability. British Journal of Management , ISSN 1045-3172. (In Press)

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    Abstract

    The socio-emotional wealth preservation (SEW-P) can create a dilemma for family firms when seeking to establish strategic alliance: how to manage the need to establish strategic alliances aimed at obtaining complementary network-based resources (the economic dimension) with the fear that such a move may jeopardize the family control and domination (the SEW dimension). To address this dilemma (also labelled as a ‘mixed gamble’), we theorized that the concern to preserve the SEW (i.e., SEW-P) can contribute to family firms alliance success dependent on the leverage of alliance management capability (AMC). We also propose that the SEW-P can act as an organizational cognitive enabler for AMC. Yet, the positive association between SEW-P and AMC will become stronger when the family firms operate in a politically unstable environment. We tested these hypotheses using a unique dataset collected from 302 family firms operating in a politically unstable environment (the Libyan context), and the analysis lends support to our model and predictions. Overall, the study advances the alliance theories and family business literature by adding new insights that explain the effect of nonfinancial priorities of family firms, and its related contingencies, in predicting alliance success.

    Metadata

    Item Type: Article
    Additional Information: This is the peer reviewed version of the article, which has been published in final form at the link above. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
    Keyword(s) / Subject(s): Socioemotional Wealth, Mixed gamble, Family business, Alliance management capability, Perceived political instability, Alliance success
    School: School of Business, Economics & Informatics > Management
    Depositing User: Administrator
    Date Deposited: 29 Apr 2022 15:05
    Last Modified: 27 Jun 2022 12:52
    URI: https://eprints.bbk.ac.uk/id/eprint/48138

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