Family firms are the most prevalent form of economic organization in the world but despite their reputation for resilience and agility, many of them are facing enormous challenges due to the Covid-19 pandemic. In this essay, we examine how the pressures to respond to this health emergency are impacting the ability of family firms to preserve their socioemotional wealth (SEW). In addition, we also provide implications for family business research in a post Covid world.
- family firms
- socioemotional wealth (SEW)