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There Is No Place Like Home

Eriksson Knast, Louise LU ; Eriksson, Teodor LU and Hasenöhrl, Johannes LU (2022) IBUH19 20221
Department of Business Administration
Abstract
Family firms play an important role in the global economy. Family firms are defined as firms
owned and managed by a family constellation. While their governance structure is different
from non-family firms, family firms face similar questions of internalisation as their non-family
counterparts. This study aims to determine how non-financial aspects may motivate the choice
of internalising in family firms. To investigate how the non-financial aspects are relevant to the
family firm's decision-making, this study focuses on one aspect of operations, production. The
research question stems from theories of socio-emotional wealth, which is conceptualised
through the five dimensions of the FIBER framework. To explore the relevance... (More)
Family firms play an important role in the global economy. Family firms are defined as firms
owned and managed by a family constellation. While their governance structure is different
from non-family firms, family firms face similar questions of internalisation as their non-family
counterparts. This study aims to determine how non-financial aspects may motivate the choice
of internalising in family firms. To investigate how the non-financial aspects are relevant to the
family firm's decision-making, this study focuses on one aspect of operations, production. The
research question stems from theories of socio-emotional wealth, which is conceptualised
through the five dimensions of the FIBER framework. To explore the relevance of socio-
emotional wealth on family firms' decision to produce locally, qualitative semi-structured
interviews have been conducted with four Swedish-based family firms. The results indicate that
four dimensions of FIBER are reflected in the selected interviewees’ decision to keep
manufacturing locally. The dimensions which appear to be relevant are; family control and
influence, identification with the firm, binding social ties and emotional attachment. The results
do not indicate that the fifth dimension, renewal of family bonds to the firm through dynastic
succession, has a relevant impact on the research question stated. (Less)
Please use this url to cite or link to this publication:
author
Eriksson Knast, Louise LU ; Eriksson, Teodor LU and Hasenöhrl, Johannes LU
supervisor
organization
course
IBUH19 20221
year
type
M2 - Bachelor Degree
subject
keywords
Family firms, manufacturing internationalisation, socio-emotional wealth (SEW), FIBER framework, case study, Sweden.
language
English
id
9084182
date added to LUP
2022-08-01 12:54:40
date last changed
2022-08-01 12:54:40
@misc{9084182,
  abstract     = {{Family firms play an important role in the global economy. Family firms are defined as firms 
owned and managed by a family constellation. While their governance structure is different 
from non-family firms, family firms face similar questions of internalisation as their non-family 
counterparts. This study aims to determine how non-financial aspects may motivate the choice 
of internalising in family firms. To investigate how the non-financial aspects are relevant to the 
family firm's decision-making, this study focuses on one aspect of operations, production. The 
research question stems from theories of socio-emotional wealth, which is conceptualised 
through the five dimensions of the FIBER framework. To explore the relevance of socio-
emotional wealth on family firms' decision to produce locally, qualitative semi-structured 
interviews have been conducted with four Swedish-based family firms. The results indicate that 
four dimensions of FIBER are reflected in the selected interviewees’ decision to keep 
manufacturing locally. The dimensions which appear to be relevant are; family control and 
influence, identification with the firm, binding social ties and emotional attachment. The results 
do not indicate that the fifth dimension, renewal of family bonds to the firm through dynastic 
succession, has a relevant impact on the research question stated.}},
  author       = {{Eriksson Knast, Louise and Eriksson, Teodor and Hasenöhrl, Johannes}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{There Is No Place Like Home}},
  year         = {{2022}},
}