Socioemotional Wealth and Business Risks in Family-controlled Firms: Evidence from Spanish Olive Oil Mills

By Luis R. Gómez-Mejía, Katalin Takacs Haynes, Manuel Núñez-Nickel, Kathy Jacobson, José Moyano‐Fuentes. 2007

3,988 citations recorded by the source corpus.

Subfields: Accounting, Management of Technology and Innovation, Organizational Behavior and Human Resource Management

View Paper: https://www.semanticscholar.org/paper/3e3418837b4ae0cf83d5789bc279769305a0156b

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Citations in the corpus

Technology Acquisition in Family and Nonfamily Firms: A Longitudinal Analysis of Spanish Manufacturing Firms (2013, methodology): “These non-economic, family-centered goals create utilities that are important to family firm managers because they create socioemotional wealth for the family (Gomez-Mejia et al., 2007).”
Extending the Socioemotional Wealth Perspective: A Look at the Dark Side (2012, background): “Additionally, threats to SEW may also instill risky behavior aimed to preserve the SEW endowment (Gómez-Mejía et al., 2007).”
Risk aversion in family firms: what do we really know? (2012, background): “Because of these two opposing lines of argumentation regarding risk aversion or risk-taking behavior in family firms, numerous studies on the risk-taking behavior of family firms have been conducted and published in high-caliber journals in recent years (George et al., 2005; Gómez-Mejı́a et al., 200”
Tax avoidance, corporate governance, and corporate social responsibility: The case of the Egyptian capital market (2020, methodology): “In this context, the idea of socio-emotional wealth was in prior studies to explain the response of family firms to social and environmental issues (Berrone et al., 2010; Cennamo et al., 2012; Gomez-Mejia et al., 2007, 2011, 2014).”
Researching Long-Term Orientation (2014, background): “Noneconomic goals such as succession within the family (Handler, 1994), the creation and preservation of socioemotional wealth (Gomez-Mejia et al., 2007), developing and protecting 1Texas Tech University, Lubbock, TX, USA 2Syracuse University, Syracuse, NY, USA Corresponding Author: Keith H.…”
A European empirical study of the relationship between firms’ intellectual capital, financial performance and market value (2017, background): “…Breton-Miller, 2006; Westhead and Howorth, 2006; Greco et al., 2014), and the presence of a high number of family members as executives can increase conflicts and loss of efficiency which affects the firm’s objectives (Gomez-Meja et al., 2007; Miller and Le Breton-Miller, 2006; Greco et al., 2014).”
The role of information asymmetry in the choice of entrepreneurial exit routes (2014, methodology): “However, family business scholars, particularly those who address socioemotional wealth considerations (e.g., Gómez-Mejía et al., 2007), have long emphasized that an owner's attachment to his or her firm is particularly rooted in non-economic reasons, such as legacy concerns, which grow stronger…”
The Transaction Cost Economics Theory of the Family Firm: Family–Based Human Asset Specificity and the Bifurcation Bias (2012, neutral): “The pursuit of family-centered, noneconomic goals (Chrisman, Chua, Kellermanns, & Chang, 2007; Gomez-Mejia et al., 2007), such as family harmony, family status, family dynasty, socio-emotional value, ability to exercise family influence, etc.”
Conflicting Selves: Family Owners' Multiple Goals and Self-Control Agency Problems in Private Firms (2018, background): “Both economic and non-economic goals concur in determining the ultimate influence of family owners on their firms (Chrisman & Patel, 2012; Gagné, Sharma, De Massis, 2014; Gómez-Mejía et al., 2007; Kotlar, Fang, De Massis, & Frattini, 2014; Zellweger et al., 2013).”
Socioemotional Wealth as a Mixed Gamble: Revisiting Family Firm R&D Investments with the Behavioral Agency Model (2013, neutral): “Research examining the effect of past performance upon family firm decision-making has suggested that as performance declines, the family firm is likely to become more economically motivated (Gomez-Mejia et al., 2007; Chrisman & Patel, 2012).”