Socioemotional wealth’s implications in the calculus of the minimum rate of return required by family businesses’ owners
This paper demonstrates that the minimum rate of return (ke) required by family business shareholders is inversely related to the emotional endowment presented in these firms. After reviewing the socioemotional wealth (SEW) literature, we find empirical support to justify that different SEW dimensio...
| Main Authors: | , |
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| Format: | info:eu-repo/semantics/article |
| Language: | English |
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Springer
2023
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10835/14853 |
| _version_ | 1789406445505085440 |
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| author | Martínez Romero, María José Rojo Ramírez, Alfonso Andrés |
| author_facet | Martínez Romero, María José Rojo Ramírez, Alfonso Andrés |
| author_sort | Martínez Romero, María José |
| collection | DSpace |
| description | This paper demonstrates that the minimum rate of return (ke) required by family business shareholders is inversely related to the emotional endowment presented in these firms. After reviewing the socioemotional wealth (SEW) literature, we find empirical support to justify that different SEW dimensions influence ke. Findings from a population of 207 family firms show that the identification of family members with the firm and the renewal of family bonds with the firm through dynastic succession have consistently negative impacts on ke, while family control and influence have significantly positive impacts on ke. |
| format | info:eu-repo/semantics/article |
| id | oai:repositorio.ual.es:10835-14853 |
| institution | Universidad de Cuenca |
| language | English |
| publishDate | 2023 |
| publisher | Springer |
| record_format | dspace |
| spelling | oai:repositorio.ual.es:10835-148532023-12-19T13:28:52Z Socioemotional wealth’s implications in the calculus of the minimum rate of return required by family businesses’ owners Martínez Romero, María José Rojo Ramírez, Alfonso Andrés SEW Minimum Rate of Return, Total Value Emotional Value Financial Value This paper demonstrates that the minimum rate of return (ke) required by family business shareholders is inversely related to the emotional endowment presented in these firms. After reviewing the socioemotional wealth (SEW) literature, we find empirical support to justify that different SEW dimensions influence ke. Findings from a population of 207 family firms show that the identification of family members with the firm and the renewal of family bonds with the firm through dynastic succession have consistently negative impacts on ke, while family control and influence have significantly positive impacts on ke. 2023-12-19T13:28:52Z 2023-12-19T13:28:52Z 2017 info:eu-repo/semantics/article Martínez-Romero, M. J., & Rojo-Ramírez, A. A. (2017). Socioemotional wealth’s implications in the calculus of the minimum rate of return required by family businesses’ owners. Review of Managerial Science, 11(1), 95-118 http://hdl.handle.net/10835/14853 10.1007/s11846-015-0181-9 en https://link.springer.com/article/10.1007/s11846-015-0181-9 Attribution-NonCommercial-NoDerivatives 4.0 Internacional http://creativecommons.org/licenses/by-nc-nd/4.0/ info:eu-repo/semantics/openAccess Springer |
| spellingShingle | SEW Minimum Rate of Return, Total Value Emotional Value Financial Value Martínez Romero, María José Rojo Ramírez, Alfonso Andrés Socioemotional wealth’s implications in the calculus of the minimum rate of return required by family businesses’ owners |
| title | Socioemotional wealth’s implications in the calculus of the minimum rate of return required by family businesses’ owners |
| title_full | Socioemotional wealth’s implications in the calculus of the minimum rate of return required by family businesses’ owners |
| title_fullStr | Socioemotional wealth’s implications in the calculus of the minimum rate of return required by family businesses’ owners |
| title_full_unstemmed | Socioemotional wealth’s implications in the calculus of the minimum rate of return required by family businesses’ owners |
| title_short | Socioemotional wealth’s implications in the calculus of the minimum rate of return required by family businesses’ owners |
| title_sort | socioemotional wealth’s implications in the calculus of the minimum rate of return required by family businesses’ owners |
| topic | SEW Minimum Rate of Return, Total Value Emotional Value Financial Value |
| url | http://hdl.handle.net/10835/14853 |
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