Table 2.

Principal component analysis of socioemotional priorities

SEPsComponentEigenvalueDifferenceProportionCumulativeItemComp1Comp2Comp3Unexplained
Restricted SEPsComp12.3560.9610.3930.393The family owns the majority of the shares0.3830.419 0.411
Comp21.3950.5530.2320.625The family has strategic control0.4590.283 0.393
Comp30.8410.1960.1400.765Executives are family members0.415−0.540 0.187
Comp40.6450.1980.1080.873Nonfamily managers are nominated by family members0.4440.114 0.518
Comp50.4470.1310.0750.947The board of directors comprises mainly family members0.387−0.585 0.170
Comp60.316.0.0531.000Family control over the firm has to be preserved0.3530.312 0.571
Extended SEPsComp14.1911.8540.2990.299Participation in social activities in the community0.2020.204−0.3710.522
Comp22.3360.8050.1670.466Establishment of ties with nonfamily employees0.273−0.236−0.3590.361
Comp31.5320.6720.1090.576Relationships are based on trust0.292−0.206−0.3120.396
Comp40.8600.0980.0610.637Establishment of institutional relationships0.297−0.129−0.2760.474
Comp50.7620.0340.0540.691Preservation of long-term relationships with suppliers0.364−0.094−0.0630.417
Comp60.7280.1020.0520.743Social relationships are psychologically rewarding0.2970.006−0.1530.594
Comp70.6260.0290.0450.788Preservation of the family’s legacy0.2850.363−0.0240.351
Comp80.5970.0540.0430.831“Long-term orientation0.2150.3590.1990.445
Comp90.5430.0660.0390.870Retention of corporate control in the future0.1920.4670.1080.319
Comp100.4770.0190.0340.904Transmission of corporate control to future generations0.2220.4260.0650.362
Comp110.4590.1300.0330.936Importance of continuous personal improvement0.271−0.2940.2240.413
Comp120.3280.0270.0240.960Initiation or initiator of constructive change0.299−0.1970.3070.390
Comp130.3010.0410.0220.981Importance of realizing ideas0.208−0.1810.4360.450
Comp140.261.0.0191.000Tendency to change what is not liked0.265−0.1300.3770.448
Source: Table by authors

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