Dynamics of socioemotional wealth on family firms performance

The study attempted to study the association between dimensions of Socioemotional wealth (SEW) viz. family continuity, family prominence and family enrichment and firms performance among small private family firms in the city of Hyderabad. A structured questionnaire adopted from Debicki, B. J., Kellermanns, F. W., Chrisman, J. J., Pearson, A. W., & Spencer, B. A. (2016) and Kellermanns,F. W., Eddleston, K. A., Sarathy, R., & Murphy, F., (2012) was administered to 204 owners of small private firms. The questionnaire consisted of 22 questions, 14 questions measuring SEW dimensions and 8 questions measuring firms performance. 5 point Likerts Scale was used for SEW dimension ranging from 1 as Not at all important and 5 as Extremely important. Point anchors for firms performance ranged from 1 as Much better, 2 as About the same and 3 as Much worse. The study particularly checked the quality of the data using Common Method Bias and Multicollinearity tests. Pearson correlation and Hierarchical Multiple Regression was used to analyze the data set. The results conveyed the findings statistically not significant association between SEW dimensions and Firms performance.