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Mindfulness, socioemotional wealth, and environmental strategy of family businesses.

Dayan, Mumin; Ng, Poh Yen; Ndubisi, Nelson Oly

Authors

Mumin Dayan

Nelson Oly Ndubisi



Abstract

The 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.

Citation

DAYAN, M., NG, P.Y. and NDUBISI, N.O. 2019. Mindfulness, socioemotional wealth, and environmental strategy of family businesses. Business strategy and the environment [online], 28(3), pages 466-481. Available from: https://doi.org/10.1002/bse.2222

Journal Article Type Article
Acceptance Date Jan 13, 2019
Online Publication Date Jan 13, 2019
Publication Date Mar 31, 2019
Deposit Date Feb 24, 2023
Publicly Available Date Mar 28, 2024
Journal Business Strategy and the Environment
Print ISSN 0964-4733
Electronic ISSN 1099-0836
Publisher Wiley
Peer Reviewed Peer Reviewed
Volume 28
Issue 3
Pages 466-481
DOI https://doi.org/10.1002/bse.2222
Keywords Capabilities; Family firms; Mindfulness; Socioemotional wealth; Sustainable products and processes
Public URL https://rgu-repository.worktribe.com/output/1887960

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