Impact of socioemotional wealth on governance and managementof family businesses in the Dominican Republic

Abstract

The purpose of the study is to analyze the heterogeneity of family businesses by evaluating socioemotional wealth and its impact on the governance of family businesses MSMEs in the Dominican Republic. Starting from the fact that heterogeneity establishes a staggered differentiation between family businesses and the measure of socioemotional wealth is a unique factor for the differentiation between companies. The lack of evidence of the inclusion of these important concepts such as heterogeneity or socioemotional wealth, to understand the management dynamics of family businesses in the Dominican Republic and the need to deepen the study of the dimension of impact and influence of the family on governance, motivate this research. This proposal considers the variables of the context and size of the family business in the emerging market of the Dominican Republic as fundamental to expand the knowledge in the study of heterogeneity of family firms, in addition with the intention of developing an empirical knowledge base that allows a better understanding of the nature of this business sector.

This article was originally deposited in Zenodo as part of the ALBUS Conference open-access archive.
Citation:
Salvador, P. (2023). Impact of socioemotional wealth on governance and
management of family businesses in the Dominican Republic. Academy of Latin American Business and Sustainability Studies (ALBUS), Santo Domingo, Dominican Republic. https://doi.org/10.5281/zenodo.10230473

This version has been included in the official ALBUS Proceedings with permission and remains unchanged in content.