Socioemotional wealth preservation in family firms

Autores/as

  • Matias Kalm Arizona State University; Department of Management and Entrepreneurship
  • Luis R. Gomez-Mejia Arizona State University; Department of Management and Entrepreneurship

DOI:

https://doi.org/10.1016/j.rausp.2016.08.002

Resumen

In this article, we review literature on socioemotional wealth. We explain how the concept of socioemotional wealth builds on previous family firm research showing that family-owners derive utility from the nonfinancial aspects of their firm. We also discuss how family firms' need for socioemotional wealth preservation explains behavioral differences between family and nonfamily firms in managerial decision making. Finally, we discuss the current state of socioemotional wealth research and propose potential directions for future research.

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Publicado

2016-12-01

Número

Sección

Thinkbox

Cómo citar

Socioemotional wealth preservation in family firms . (2016). Revista De Administração, 51(4), 409-411. https://doi.org/10.1016/j.rausp.2016.08.002