Emotional Returns and Emotional Costs in Privately Held Family Businesses: Advancing Traditional Business Valuation

By J. Astrachan, P. Jaskiewicz. 2008

460 citations recorded by the source corpus.

Subfields: Accounting, Organizational Behavior and Human Resource Management

View Paper: https://www.semanticscholar.org/paper/dd62bd1c7237a2c0822c92d712db968d28aa279c

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Citations in the corpus

Ability and Willingness as Sufficiency Conditions for Family‐Oriented Particularistic Behavior: Implications for Theory and Empirical Studies (2014, methodology): “Behavioral theory (Cyert and March 1963) has been used as the basis for proposing that family firms are more willing to pursue the emotional value of ownership (Astrachan and Jaskiewicz 2008; Zellweger and Astrachan 2008), emphasize the creation and conservation of socioemotional wealth for the fami”
Value Is in the Eye of the Owner (2012, background): “In other words, SEW is reflected in the perceived value for the ownership stake and, more precisely, is that part of a business value (as perceived by the owner) that is unexplained by financial considerations (Astrachan & Jaskiewicz, 2008; Zellweger & Astrachan, 2008).”
Family Involvement and Agency Cost Control Mechanisms in Family Small and Medium‐Sized Enterprises (2015, background): “Moreover, family involvement may create a better context and relationship with nonfamily employees and customers (Astrachan and Jaskiewicz 2008).”
Nonfamily Managers, Family Firms, and the Winner's Curse: The Influence of Noneconomic Goals and Bounded Rationality (2014, background): “…of nonfamily firms) is also affected by the achievement of family-centered, noneconomic goals, which in our model represents the difference between the socioemotional benefits and socioemotional costs (Astrachan & Jaskiewicz, 2008) associated with the employment of family and nonfamily managers.”
Innovativeness in family firms: a family influence perspective (2010, background): “The decision for a family firm to partake in innovative behavior can be quite complex, since family firms often serve two, sometimes competing goals: that of economic efficiency and that of family social interests ( Astrachan and Jaskiewicz 2008; Chua et al. 2003).”
“SEW” What Do We Know and Where Do We Go? A Review of Socioemotional Wealth and a Way Forward (2020, background): “Researchers have proposed emotional constructs specific to family business, such as emotional capital (Sharma, 2004) and emotional returns and costs (Astrachan & Jaskiewicz, 2008).”
Non solus: Toward a psychology of family business (2010, unknown): “…Chrisman, & Steier, 2003; Schulze, Lubatkin, & Dino, 2002), and known to pursue strategies that do not conform with traditional (i.e., rational) economic assumptions (Astrachan & Jaskiewicz, 2008; Gomez-Mejia, Haynes, Nunez-Nickel, Jacobson, & Moyano-Fuentes, 2007; Zellweger & Astrachan, 2008).”
Financial Decision Making in Family Firms (2014, background): “While this may contribute to noneconomic performance (e.g., Astrachan & Jaskiewicz, 2008), it is likely to constrain the future financial performance of the family firm.”