Family Control and Family Firm Valuation by Family CEOs
The Importance of Intentions for Transgenerational Control
Bibliographic Data
Family firms are thought to pursue nonfinancial goals that provide socioemotional wealth, but socioemotional wealth is feasible only with family control of the firm. Using prospect theory, we hypothesize that socioemotional wealth increases with the extent of current control, duration of control, and intentions for transgenerational control, thus adding to the price at which owners would be willing to sell their firms to nonfamily buyers. Findings from two countries show that current control has no impact, and duration of control has a mixed impact. However, intention for transgenerational control has a consistently positive impact on the perceived acceptable selling price.
Business · Control (management) · Developmental psychology · Economics · Management · Microeconomics · Perceived control · Socioemotional selectivity theory · Transgenerational epigenetics · Valuation (finance) · Accounting · Corporate Finance and Governance · Entrepreneurship Studies and Influences · Family Business Performance and Succession · Psychology · Social Psychology
Socioemotional Wealth in Family Firms
Doing More with Less
Balancing Legacy and Progress
Liability of origin imprints
Generation and Gender Differences in Family Businesses
Purpose and Cash Flow
From business to legacy
Tax Avoidance in Family Business
Linking CEO Celebrity to the Ethical Behavior of Family Firms in a Digital Age
When do Non-financial Goals Benefit Stakeholders? Theorizing on Care and Power in Family Firms
Ethical Correlates of Family Control
Trees in the Forest
Securities Fraud Among Family Firms—Evidence from the One-Child Policy Reform in China
Family Business Ethics
Family firms and the governance of global value chains
Family firms as agents of sustainable development
Does Internet exposure reduce the desire for family control? Evidence from China
What are the fundamental knowledge-sharing drivers of small family businesses in the restaurant and fast-food industry
Tradition meets tomorrow
Does second‐generation involvement promote family firm environmental investment? The China experience
Shareholder activism in listed family firms
Family business, transgenerational succession and diversification strategy
Influence of socioemotional wealth on non-family managers’ risk taking and product innovation in family businesses
The family CEO’s effect on succession planning
Motivations, business structures, and management intentions of large family forest landowners
Gendered actual controlling shareholders and family business emotional attachment influences on business operational violations
Sucessão intergeracional e inovação em empresas familiares
Prim ‘A’ Geniture
Entrepreneurial orientation and socioemotional dimensions in small family hotels
Family control and corporate risk-taking in China
Socioemotional wealth, entrepreneurial orientation and international performance of family firms
The Covid-19 pandemic and family business performance
Long-term orientation, family-intensive governance arrangements, and firm performance
The evolution of the field of family business research over a decade (2012–2022)
Same same, but different
Who is lending to small and micro family business in China
Slack resources as anchors or accelerators in strategic changes
Franchise ownership types and noneconomic performance among quick service restaurants
Entrepreneurial exit intentions in emerging economies
Digital innovation in family firms
Corporate social responsibility in family business
Small family business in Russia
Does green intellectual capital improve environmental, social and governance information disclosure? Textual analysis evidence from Chinese A-listed businesses
Employee work-to-family role boundary management in the family business
Resource Extension and Status Identity
Multivariate data analysis
Questionnaire design and attitude measurement
How do family ownership, control and management affect firm value?
RWG
Identification in Organizations
Estimating within-group interrater reliability with and without response bias.
A Review of WTA/WTP Studies
Rational Choice and the Framing of Decisions
Correcting for Endogeneity in Strategic Management Research
Timid Choices and Bold Forecasts
Trends and Directions in the Development of a Strategic Management Theory of the Family Firm
Family Firms and Social Responsibility
Corporate Governance and Competitive Advantage in Family–Controlled Firms
Family Involvement, Family Influence, and Family–Centered Non–Economic Goals in Small Firms
Conducting Interorganizational Research Using Key Informants.
Agency Relationships in Family Firms
Defining the Family Business by Behavior
Management ownership and market valuation
Loss Aversion in Riskless Choice
Judgment under Uncertainty
Status quo bias in decision making
The theory of planned behavior
Theory of the firm
Common method biases in behavioral research
Prospect Theory
Toward a positive theory of consumer choice
Self-Reports in Organizational Research
Leadership in administration
Indexicality and the Verification Function of Irreplaceable Possessions
Experimental Tests of the Endowment Effect and the Coase Theorem
On Using Informants
Anomalies
How is a Possession "Me" or "Not Me"? Characterizing Types and an Antecedent of Material Possession Attachment
Possessions and the Extended Self
How Individuals' Cherished Possessions Become Families' Inalienable Wealth
Focusing on the Forgone
Older Consumers' Disposition of Special Possessions
| Unique citing works | 45 |
|---|---|
| Citations per year | 3,21 |
| Citation span | 2012 - 2026 (15) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 44 |