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Mindfulness, socioemotional wealth, and environmental strategy of family businesses
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- 자료유형학술지논문
- 저자명Dayan, Mumin,Ng, Poh Yen,Ndubisi, Nelson Oly
- 학회/출판사/기관명John Wiley & Sons, Ltd
- 출판년도2019
- 언어영어
- 학술지명/학위논문주기Business strategy and the environment
- 발행사항Vol.28No.3[2019]_x000D_
- ISBN/ISSN0964-4733
- 소개/요약The study advances knowledge in the field of business strategy and the environment by incorporating mindfulness theory into the research on socioemotional wealth (SEW) and its environmental consequences in family businesses. Using an integrative model, the paper investigates the relationship between mindfulness SEW dimensions and family firms' environmental strategies, specifically in developing sustainable products and processes. This study also proposes the firm's capabilities as a mediator in this relationship, while market turbulence is a moderator in the relationship between the firm's capabilities and sustainable products and processes. The empirical results show that in protecting SEW, specifically in the identification of family members with the firm and binding social ties, mindfulness provides a rich endowment that develops appropriate capabilities to produce sustainable products and processes. While the moderating role of market turbulence is insignificant, we can infer that irrespective of how turbulent (or not) the market is, the firm's capabilities are a key determinant of sustainable products and processes. Our findings offer theoretical and managerial implications for sustainable practices in the family business context.
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