Socioemotional wealth preservation in family firms

Matias Kalm, Luis R. Gomez-Mejia

Research output: Contribution to journalArticleScientificpeer-review

Abstract

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.
Original languageEnglish
Pages (from-to)409-411
JournalRevista de Administração
Volume51
Issue number4
DOIs
Publication statusPublished - Oct 2016
Externally publishedYes

Keywords

  • socioemotional wealth
  • family firms

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