Socioemotional Wealth as a Mixed Gamble: Revisiting Family Firm R&D Investments with the Behavioral Agency Model

By Luis R. Gómez-Mejía, Joanna T. Campbell, Geoffrey P. Martin, R. Hoskisson, Marianna Makri, David G. Sirmon. 2013

514 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/45a7f697e2b7f96ffd32380c4faea267d4c5f5ed

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Citations in the corpus

Roots to Grow: Family Firms and Local Embeddedness in Rural and Urban Contexts (2018, background): “funding, which are likely to diminish the capacity of the family to exert control over the business (Chrisman & Patel, 2012; Gómez-Mejia et al., 2014).”
Doing More with Less: Innovation Input and Output in Family Firms (2016, background): “Second, investment in innovation in family firms is often limited by family firm owners’ socioemotional endowments and particularly by their nonfinancial goal to maintain their level of control over the firm (Gómez-Mejı́a et al., 2014; Sharma, Chrisman, & Gersick, 2012).”
“SEW” What Do We Know and Where Do We Go? A Review of Socioemotional Wealth and a Way Forward (2020, background): “…et al., 2010; Van Gils et al., 2014), corporate governance decisions (Bammens et al., 2011), acquisition behavior (GómezMejía et al., 2018), CEO risk behavior (Gómez-Mejía et al., 2019), nonfamily employment decisions (Vandekerkhof et al., 2015), and R&D investments (Gómez-Mejía et al., 2014).”
The Dark Side of Leadership: Towards a Mid‐Range Theory of Hubris and Greed in Entrepreneurial Contexts (2015, unknown): “Family firms seem to operate in a more balanced fashion when there are external voices in the governance structure of family firms (Arregle et al., 2012; Gomez-Mejia et al., 2014).”
Family Business Growth Around the World (2020, background): “The current control perspective argues that family firm owners will act to preserve control in the hands of the family and resist taking risks that may jeopardize that (Gomez- Mejia et al., 2013; Gómez- Mejía et al., 2007; Kotlar et al., 2018).”
Reifying Socioemotional Wealth (2015, background): “Even Gómez-Mejía et al.’s (2007) foundational piece suggests that while SEW reference points can shift when firm survival is threatened, the shift influences only the strength of the relationship, not its sign.”
More Than Meets the Eye: A Review and Future Directions for the Social Psychology of Socioemotional Wealth (2018, background): “Intending to address these concerns, Gómez-Mejía and colleagues (Gómez-Mejía et al., 2014; Gómez-Mejía, Patel, & Zellweger, 2015) have proposed that SEW can come from a “mixed gamble,” where family firm members’ actions and consequences can bring them both nonfinancial and financial benefits.”
Financial Reporting and the Protection of Socioemotional Wealth in Family-Controlled Firms (2014, methodology): “…firms have better quality of financial reporting in comparison to their non-family counterparts (Ali, Chen, & Radhakrishnan, 2007; Cascino, Pugliese, Mussolino, & Sansone, 2010; Chen et al., 2008; Gomez-Mejia et al., 2013; Jiraporn & Dadalt, 2009; Prencipe, Bar-Yosef, Mazzola, & Pozza, 2011).”
CEO Succession Mechanisms, Organizational Context, and Performance: A Socio‐Emotional Wealth Perspective on Family‐Controlled Firms (2014, background): “It would also allow for researchers to build specifically on the concept of mixed gambles where the dominant principals see CEO succession as decision associated with both potential loss and potential gain of SEW (Gomez-Mejia et al., 2013; Martin et al., 2013).”