Journals / Afyon Kocatepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2025 / Cilt: 27 Sayı: 2

Socioemotional wealth in family businesses: A bibliometric analysis

Aile işletmelerinde sosyo-duygusal zenginlik: Bibliyometrik bir analiz

Pages
438–458
Publication Date
2025-12-05
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗

Abstract

Socioemotional Wealth (SEW) is a well-established concept in the family business literature. Although international academic sources provide theoretical foundations on the topic, the literature on family businesses in Turkey lacks a comprehensive understanding of diverse research approaches and unexplored areas. This limitation poses a significant barrier to the advancement of both theory and practice in the field. This study employs a bibliometric analysis to provide an overview of the past, present, and future of research on “socioemotional wealth (SEW) and family business,” offering a thematic map to trace the evolution of the literature. For this purpose, “VOSviewer 1.6.6” software as well as OpenAI ChatGPT (2025) supported Python-based analysis tools were used. Our findings show that the first publication emerged in 2007, the number of publications reached 176 by 2025, and the total number of citations amounted to 13,651, with 2024 marking the most productive year with 25 publications. In terms of citation count and linkage strength, Journal of Management Studies stands out among journals; Canada and the USA among countries; Arizona State University and the University of Alberta among institutions; and Luis Gomez-Mejia and David L. Deephouse among authors. The most prominent keywords include “socioemotional wealth,” “performance,” and “ownership.” Changes in the relative importance of keywords from 2007 to 2025 indicate a shift from a central focus on socioemotional wealth to emerging themes such as entrepreneurship, behavioral agency, and strategic governance. These themes reflect a transition from an socioemotional wealth (SEW) based framework to multidimensional areas such as entrepreneurship, governance, and agency relationships. Based on the findings, recommendations for future research are presented in the conclusion section.

Özet

Sosyo-duygusal zenginlik (SEW), aile işletmeleri literatüründe yerleşik bir konudur. Uluslararası akademik kaynaklarda konuya dair teorik bilgiler yer alsa da, Türkiye’deki aile işletmeleri literatürü farklı araştırma yaklaşımları ve keşfedilmeye açık yeni alanlar konusunda kapsamlı bir anlayıştan yoksundur. Bu sınırlama, alandaki teori ve pratiğin ilerlemesi açısından önemli bir engeldir. Bu çalışmada bibliyometrik analiz ile “sosyo-duygusal zenginlik (SEW) ve aile işletmesi” alanındaki araştırmaların geçmişi, bugünü ve geleceğine dair genel bir bakış sunularak, literatürün evrimini anlamaya yönelik tematik bir harita oluşturulmuştur. Bunun için “VOSviewer 1.6.6” yazılımının yanı sıra OpenAI ChatGPT (2025) destekli Python tabanlı analiz araçları kullanılmıştır. Bulgularımız, ilk yayının 2007’de yayımlandığını, yayın sayısının 2025’te 176’ya ulaştığını, bu çalışmalara 13.651 kez atıf yapıldığını ve 2024 yılında 25 yayınla en yoğun akademik üretimin gerçekleştiğini göstermektedir. Atıf sayısı ve bağlantı gücü açısından Journal of Management Studies dergisi; ülkelerden Kanada ve ABD; kurumlardan Arizona State University ve University of Alberta; yazarlardan Luis Gomez-Mejia ve David L. Deephouse; anahtar kelimelerden ise “sosyo-duygusal zenginlik”, “performans” ve “sahiplik” öne çıkmıştır. 2007–2025 yılları arasındaki göreli önem değişimlerine göre anahtar kelimeler sosyo-duygusal zenginlik (SEW) etrafında şekillenmiş; zamanla girişimcilik, davranışsal vekalet ve stratejik yönetişim temalarına evrilmiştir. Temalar, sosyo-duygusal zenginlik (SEW) temelli çerçeveden girişimcilik, yönetişim ve vekalet ilişkileri gibi çok boyutlu alanlara yönelmiştir. Bulgulara istinaden, gelecekteki araştırmalara yönelik öneriler sonuç bölümünde sunulmuştur.

Keywords
🔖

Cite This Article

Kazdal, Ö. S., Çelik, D. (2025). Socioemotional wealth in family businesses: A bibliometric analysis. Afyon Kocatepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt: 27 Sayı: 2, 438–458. https://doi.org/10.33707/akuiibfd.1688111

📄 Full Text PDF Viewer

References (65)

  1. Amore, M. D., Murtinu, S., & Pelucco, V. (2025). Family firms in entrepreneurial finance: The case of corporate venture capital. Journal of Banking & Finance, 172, 107391. https://doi.org/10.1016/j.jbankfin.2025.107391
  2. Anand, A., Wieszt, A., & Vajda, É. (2025). Decoding the dark sides of family business: a synthesis, and future research agenda. Review of Managerial Science, 1-44. https://doi.org/10.1007/s11846-025-00860-7
  3. Baygut, H., & Üstün, Z. (2024). Süleyman Demirel Üniversitesi Sağlık Bilimleri Dergisi’nin Bibliyometrik Analizi. Süleyman Demirel Üniversitesi Sağlık Bilimleri Dergisi, 15(2), 279-290. https://doi.org/10.22312/sdusbed.1535348
  4. Bratnicka-Myśliwiec, K., Wronka-Pośpiech, M., & Ingram, T. (2019). “Does socioemotional wealth matter for competitive advantage? A case of polish family businesses”, Journal of Entrepreneurship, Management and
  5. Innovation (JEMI), 15(1), 123-146. https://doi.org/10.7341/20191515
  6. Brigham, K. H., & Payne, G. T. (2019). Socioemotional wealth (SEW): Questions on construct validity. Family Business Review, 32(4), 326-329. https://doi.org/10.1177/0894486519889402
  7. Bujan, I. (2019). Measuring success in small family businesses-A socioemotional wealth perspective. Entrenova-Enterprise Research Innovation, 5(1), 88-97.
  8. Camisón, C., Forés, B., & Puig-Denia, A. (2016). Return on capital in Spanish tourism businesses: A comparative analysis of family vs non-family businesses. European journal of management and business economics, 25(3), 91-110. https://doi.org/10.1016/j.redeen.2016.04.002
  9. Caputo, A., Marzi, G., Pellegrini, M. M., & Rialti, R. (2018). Conflict management in family businesses: A bibliometric analysis and systematic literature review. International Journal of Conflict Management, 29(4), 519-542. https://doi.org/10.1108/IJCMA-02-2018-0027
  10. Cesinger, B., Hughes, M., Mensching, H., Bouncken, R., Fredrich, V., & Kraus, S. (2016). A socioemotional wealth perspective on how collaboration intensity, trust, and international market knowledge affect family firms’ multinationality. Journal of World Business, 51(4), 586-599. https://doi.org/10.1016/j.jwb.2016.02.004
  11. Chen, C., Dubin, R., & Kim, M. C. (2014). Emerging trends and new developments in regenerative medicine: a scientometric update (2000–2014). Expert Opinion on Biological Therapy, 14(9), 1295-1317. https://doi.org/10.1517/14712598.2014.920813
  12. Chua, J. H., Chrisman, J. J., & De Massis, A. (2015). A closer look at socioemotional wealth: Its flows, stocks, and prospects for moving forward. Entrepreneurship theory and practice, 39(2), 173-182. https://doi.org/10.1111/etap.12155
  13. Cleary, P., Quinn, M., & Moreno, A. (2019). Socioemotional wealth in family firms: A longitudinal content analysis of corporate disclosures. Journal of Family Business Strategy, 10(2), 119-132. https://doi.org/10.1016/j.jfbs.2018.11.002
  14. Craig, J. B., & Newbert, S. L. (2020). Reconsidering socioemotional wealth: A Smithian-inspired socio-economic theory of decision-making in the family firm. Journal of Family Business Strategy, 11(4), 100353. https://doi.org/10.1016/j.jfbs.2020.100353
  15. Cruz, C., Justo, R., & De Castro, J. O. (2012). Does family employment enhance MSEs performance?: Integrating socioemotional wealth and family embeddedness perspectives. Journal of Business Venturing, 27(1), 62–76. https://doi.org/10.1016/j.jbusvent.2010.07.002
  16. Cruz, C., Firfiray, S., Makri, M., & Gómez-Mejía, L. R. (2015). Socioemotional wealth: an obstacle or a springboard to creativity, innovation, and entrepreneurship in family firms?. https://doi.org/10.1093/oxfordhb/9780199927678.013.0034
  17. DeTienne, D. R., & Chirico, F. (2013). Exit strategies in family firms: How socioemotional wealth drives the threshold of performance. Entrepreneurship Theory and Practice, 37(6), 1297-1318. https://doi.org/10.1111/etap.12067
  18. Donthu, N., Kumar, S., Mukherjee, D., Pandey, N., & Lim, W.M. (2021). How to conduct a bibliometric analysis: an overview and guidelines. Journal of Business Research, 133, 285–296. https://doi.org/10.1016/j.jbusres.2021.04.070.
  19. Filser, M., De Massis, A., Gast, J., Kraus, S., & Niemand, T. (2018). Tracing the roots of innovativeness in family SMEs: The effect of family functionality and socioemotional wealth. Journal of Product Innovation Management, 35(4), 609-628. https://doi.org/10.1111/jpim.12433
  20. Gao, J., Liu, M., & Wang, Y. (2022). Diversity in family business: where social goals collide with family socioemotional wealth. Review of Corporate Finance, 2(4), 861-884. http://dx.doi.org/10.1561/114.00000032
  21. Gonzales-Bustos, J. P., Hernández-Lara, A. B., & Li, X. (2020). Board effects on innovation in family and non-family business. Heliyon, 6(9).
  22. Gottardo, P., & Moisello, A. M. (2015). The impact of socioemotional wealth on family firms' financial performance. Problems and perspectives in management, 13(1), 67-77.
  23. Gupta, A., & Valeri, M. (2022). Mapping research on family business in tourism and hospitality: a bibliometric analysis. Journal of Family Business Management, 12(3), 367-392. https://doi.org/10.1108/JFBM-10-2021-0121
  24. Gutuleac, R., Giachino, C., Vilamová, Š., & Ferraris, A. (2025). Demystifying sustainable innovation and governance in family firms: A critical review. Technological Forecasting and Social Change, 212, 123994. https://doi.org/10.1016/j.techfore.2025.123994
  25. Handler, W. C. (1994). Succession in family business: A review of the research. Family business review, 7(2), 133-157. https://doi.org/10.1111/j.1741-6248.1994.00133.x
  26. Hernández-Perlines, F., Araya-Castillo, L., Millán-Toledo, C., & Cisneros, M. A. I. (2023). Socioemotional wealth: A systematic literature review from a family business perspective. European Research on Management and Business Economics, 29(2), 100218. https://doi.org/10.1016/j.iedeen.2023.100218
  27. Jamil, M., Stephens, S., & Md Fadzil, A. F. (2025). Sustainability in family business settings: a strategic entrepreneurship perspective. Journal of Family Business Management, 15(1), 29-47. https://doi.org/10.1108/JFBM-01-2024-0001
  28. Johansson, D., Karlsson, J., & Malm, A. (2020). Family business—A missing link in economics?. Journal of Family Business Strategy, 11(1), 100306. https://doi.org/10.1016/j.jfbs.2019.100306
  29. Kazdal, Ö. S., & Yükselen, C. (2023). Aile İşletmelerinde Sosyo-Duygusal Zenginliğin Rekabet Avantajına Ve Sürdürülebilir Yaşama Etkisi: İnovasyon Yeteneğinin Aracılık Rolü. Journal Of Entrepreneurship & Development/Girisimcilik Ve Kalkinma Dergisi, 18(1).
  30. Kellermanns, F. W., & Eddleston, K. A. (2006). Corporate entrepreneurship in family firms: A family perspective. Entrepreneurship theory and practice, 30(6), 809-830.
  31. Kormann, H., & Suberg, B. (2020). Topics of Family Business Governance.
  32. Lee, J. (2006). Impact of family relationships on attitudes of the second generation in family business. Family business review, 19(3), 175-191. https://doi.org/10.1111/j.1741-6248.2006.00069.x
  33. Leenders, M., & Waarts, E. (2003). Competitiveness and Evolution of Family Businesses:: The Role of Family and Business Orientation. European Management Journal, 21(6), 686-697. https://doi.org/10.1016/j.emj.2003.09.012
  34. Litz, R. A. (1995). The family business: Toward definitional clarity. Family business review, 8(2), 71-81. https://doi.org/10.1111/j.1741-6248.1995.00071.x
  35. Lungeanu, R., & Ward, J. L. (2012). A governance-based typology of family foundations: The effect of generation stage and governance structure on family philanthropic activities. Family Business Review, 25(4), 409-424. https://doi.org/10.1177/0894486512444603
  36. Metsola, J., Leppäaho, T., Paavilainen-Mäntymäki, E., & Plakoyiannaki, E. (2020). Process in family business internationalisation: The state of the art and ways forward. International Business Review, 29(2), 101665. https://doi.org/10.1016/j.ibusrev.2020.101665
  37. Minichilli, A., Nordqvist, M., Corbetta, G., & Amore, M. D. (2014). CEO succession mechanisms, organizational context, and performance: A socio‐emotional wealth perspective on family‐controlled firms. Journal of Management Studies, 51(7), 1153-1179. https://doi.org/10.1111/joms.12095
  38. Molly, V., Laveren, E., & Deloof, M. (2010). Family business succession and its impact on financial structure and performance. Family business review, 23(2), 131-147. https://doi.org/10.1177/089448651002300203
  39. Moreno-Menéndez, A. M., & Casillas, J. C. (2021). How do family businesses grow? Differences in growth patterns between family and non-family firms. Journal of Family Business Strategy, 12(3). https://doi.org/10.1016/j.jfbs.2021.100420
  40. Morris, M. H., Williams, R. O., Allen, J. A., & Avila, R. A. (1997). Correlates of success in family business transitions. Journal of business venturing, 12(5), 385-401. https://doi.org/10.1016/S0883-9026(97)00010-4
  41. Németh, K., & Németh, S. (2018). The relationship between the socioemotional wealth and the family businesses’ sustainability (pp. 515-523). ToKnowPress.
  42. Newbert, S., & Craig, J. B. (2017). Moving beyond socioemotional wealth: Toward a normative theory of decision making in family business. Family Business Review, 30(4), 339-346. https://doi.org/10.1177/0894486517733572
  43. Olivares-Delgado, F., Pinillos-Laffón, A., & Benlloch-Osuna, M. T. (2016). An approach to patronymic names as a resource for familiness and as a variable for family business identification. European Journal of Family Business, 6(1), 32–45. https://doi.org/10.1016/j.ejfb.2016.06.001
  44. Özler, H., & Gümüştekin, G. E. (2007). Aile işletmelerinde nepotizmin gelişim evreleri, & kurumsallaşma. Selçuk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, (17), 437-450.
  45. Pazzaglia, F., Mengoli, S., & Sapienza, E. (2013). Earnings quality in acquired and nonacquired family firms: A socioemotional wealth perspective. Family Business Review, 26(4), 374-386. https://doi.org/10.1177/0894486513486343
  46. Poletti-Hughes, J., & Williams, J. (2019). The effect of family control on value and risk-taking in Mexico: A socioemotional wealth approach. International Review of Financial Analysis, 63, 369-381. https://doi.org/10.1016/j.irfa.2017.02.005
  47. Porfírio, J. A., Felício, J. A., & Carrilho, T. (2020). Family business succession: Analysis of the drivers of success based on entrepreneurship theory. Journal of Business Research, 115, 250-257. https://doi.org/10.1016/j.jbusres.2019.11.054
  48. Poza, E. J., & Daugherty, M. S. (2010). Family business. Mason, OH: South-Western Cengage Learning. Ranjbari, M., Saidani, M., Esfandabadi, Z. S., Peng, W., Lam, S. S., Aghbashlo, M., & Tabatabaei, M. (2021). Two decades of research on waste management in the circular economy: Insights from bibliometric, text mining, and content analyses. Journal of Cleaner Production, 314, 128009.
  49. Razzak, M. R., & Jassem, S. (2019). Socioemotional wealth and performance in private family firms: The mediation effect of family commitment. Journal of Family Business Management, 9(4), 468-496. https://doi.org/10.1108/JFBM-05-2019-0035
  50. Riznika, I., & Kaihatu, T. S. (2021). Sustainability of Family Business: Millennials Intention To Stay in the Family Business As the Result of Stewardship Climate, Mediated By Successor’S Trust and Socioemotional Wealth. https://doi.org/10.21776/ub.jam.2021.019.01.08
  51. Rousseau, M. B., Kellermanns, F., Zellweger, T., & Beck, T. E. (2018). Relationship conflict, family name congruence, and socioemotional wealth in family firms. Family Business Review, 31(4), 397-416. https://doi.org/10.1177/0894486518790425
  52. Rovelli, P., Ferasso, M., De Massis, A., & Kraus, S. (2022). Thirty years of research in family business journals: Status quo and future directions. Journal of Family Business Strategy, 13(3), 100422. https://doi.org/10.1016/j.jfbs.2021.100422
  53. Santulli, R., Torchia, M., Calabrò, A., & Gallucci, C. (2019). Family ownership concentration and firm internationalization: integrating principal-principal and socioemotional wealth perspectives. Journal of International Entrepreneurship, 17, 220-248. https://doi.org/10.1007/s10843-019-00245-4
  54. Sciascia, S., Mazzola, P., & Kellermanns, F. W. (2014). Family management and profitability in private family- owned firms: Introducing generational stage and the socioemotional wealth perspective. Journal of Family Business Strategy, 5(2), 131-137. https://doi.org/10.1016/j.jfbs.2014.03.001
  55. Scholes, L., Mustafa, M., & Chen, S. (2016). Internationalization of small family firms: The influence of family from a socioemotional wealth perspective. Thunderbird International Business Review, 58(2), 131-146. https://doi.org/10.1002/tie.21729
  56. Schulze, W. (2016). Socio-emotional wealth and family: revisiting the connection. Management Research: Journal of the Iberoamerican Academy of Management, 14(3), 288-297. https://doi.org/10.1108/MRJIAM-09-2016-0694
  57. Suess-Reyes, J. (2017). Understanding the transgenerational orientation of family businesses: the role of family governance and business family identity. Journal of Business Economics, 87, 749-777. https://doi.org/10.1007/s11573-016-0835-3
  58. Topçuoğlu, E., Oktaysoy, O., Erdoğan, S. U., & Karatepe, S. G. (2023). İşsizlik, & girişimcilik kavramlarına bibliyometrik bakış. İşletme Araştırmaları Dergisi, 15(2), 1276-1292. https://doi.org/10.20491/isarder.2023.1649
  59. Türk, A., Tekin, İ. Ç., & Ahat, K. (2025). Bibliometric Analysis of the Concept of Perceived Insider Status in the Web of Science Database. Selçuk İletişim, 18(1), 33-51. https://doi.org/10.18094/josc.1585742
  60. Tran, Y. L., Siry, J. P., Izlar, R. L., & Harris, T. G. (2020). Motivations, business structures, and management intentions of large family forest landowners: A case study in the US South. Forest Policy and Economics, 118, 102244. https://doi.org/10.1016/j.forpol.2020.102244
  61. Uhlaner, L. M., van Goor‐Balk, H. J. M., & Masurel, E. (2004). Family business and corporate social responsibility in a sample of Dutch firms. Journal of small business and enterprise development, 11(2), 186-194. https://doi.org/10.1108/14626000410537128
  62. Vardaman, J. M., & Gondo, M. B. (2014). Socioemotional wealth conflict in family firms. Entrepreneurship Theory and Practice, 38(6), 1317-1322. https://doi.org/10.1111/etap.12126
  63. Waterwall, B., & Alipour, K. K. (2021). Nonfamily employees’ perceptions of treatment in family businesses: Implications for organizational attraction, job pursuit intentions, work attitudes, and turnover intentions. Journal of Family Business Strategy, 12(3), 100387. https://doi.org/10.1016/j.jfbs.2020.100387
  64. Wilson, N., Wright, M., & Scholes, L. (2013). Family business survival and the role of boards. Entrepreneurship theory and practice, 37(6), 1369-1389. https://doi.org/10.1111/etap.12071
  65. Zellweger, T. M., Kellermanns, F. W., Chrisman, J. J., & Chua, J. H. (2012). Family control and family firm valuation by family CEOs: The importance of intentions for transgenerational control. Organization science, 23(3), 851-868. https://doi.org/10.1287/orsc.1110.0665