Understanding the role of Socio-Emotional Wealth (SEW) on CSR : A single case study of Saudi Arabian family-owned businesses

Sammanfattning: Introduction: In family businesses, previous literature does not discuss about the connection between Corporate Social Responsibility (CSR) activities and Socio-Emotional Wealth (SEW). Therefore, this research provides the role of SEW on CSR activities in family businesses. This study is unique and also significant for future researchers and policymakers of family firms to understand the role of SEW of family firms on CSR activities. Respectively, this paper targets only family businesses as the subject of research meanwhile they are distinctive in nature and make up a large component of the global economy. The topic of SEW in family businesses is a fascinating aspect of this subject that warrants further investigation.Purpose: The purpose of this thesis is to develop a comprehensive grasp by observing how SEW plays a major role on CSR activities on family firms and explore the family involvement in the execution of the activities.Methodology: This study conducts a single case study, followed by semi-structured interviews. Further this study adapts qualitative research method and exploratory research design in nature, aiming to provide a greater understanding of a well-known occurrence by relating and analysis present literature, such as the FIBER Model, to a specific firm. The study in this research is based on an organizational/case analysis method.Findings: This research found that family involvement in CSR execution of chosen firm is efficient. It is concluded that the chosen firm implement different CSR activities include support poor children’s education, charity activities for Syrian war affected families, health support for poor people, environment and ethical policies was implemented in all the process of organization to ensure CSR activities and job opportunities for poor educated students. Study finding further concludes that the role of SEW play a major role in CSR implementation especially on enhancing brand image and firm’s reputation.Abbreviations: SEW (Social-Emotional Wealth), CSR (Corporate Social Responsibility)