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Socio-emotional wealth and alliance management capabilities: evidence from family businesses in a politically instable economy

Abdalhamed, Nasr, Al-Tabbaa, O., Zahoor, Nadia, De Silva, Muthu (2021) Socio-emotional wealth and alliance management capabilities: evidence from family businesses in a politically instable economy. In: Academy of Management Proceedings. . Academy of Management (In press) (Access to this publication is currently restricted. You may be able to access a copy if URLs are provided) (KAR id:87448)

Abstract

We have a lack of understanding of the role of socioemotional wealth (SEW) in determining the success of alliances formed by family firms. By integrating the theories of SEW of family businesses and alliance management capability (AMC) of strategic alliance literature, this study investigates how the extent of SEW in family firms operating in politically instable contexts influences the development of AMCs, which in turn acts as a determinant of alliance success. By developing a unique data set from 302 family firms in politically instable Libyan context, we found that the greater the SEW of family firms, more likely they are to develop AMC routines: namely, alliance proactiveness (firms’ ability to identify valuable partners for alliances), alliance coordination (firms’ ability to manage the relationship with alliance partners), and alliance learning (firms’ ability to learn from alliance partners), capabilities, which in turn increases the success of alliances formed by family businesses. We also found that the level of political instability confronted by family businesses positively moderates the relationship between the extent of, SEW and, AMCs. Our results also generate useful practical implications to family businesses, their strategic alliance partners and policy makers involved in supporting family businesses.

Item Type: Conference or workshop item (Proceeding)
Divisions: Divisions > Kent Business School - Division > Department of Marketing, Entrepreneurship and International Business
Depositing User: Omar Altabbaa
Date Deposited: 05 Apr 2021 14:47 UTC
Last Modified: 08 Oct 2021 15:51 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/87448 (The current URI for this page, for reference purposes)
Al-Tabbaa, O.: https://orcid.org/0000-0003-2669-4576
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