Socioemotional wealth and business risks in family-controlled firms : (Record no. 24870)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01836naa a2200217uu 4500 |
| 001 - CONTROL NUMBER | |
| control field | 7102217074910 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190211163233.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 071022s2007 xx ||||gr |0|| 0 eng d |
| 999 ## - SYSTEM CONTROL NUMBERS (KOHA) | |
| Koha Dewey Subclass [OBSOLETE] | PHL2MARC21 1.1 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | eng |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | GÓMEZ-MEJÍA, Luis R. |
| 9 (RLIN) | 16256 |
| 245 10 - TITLE STATEMENT | |
| Title | Socioemotional wealth and business risks in family-controlled firms : |
| Remainder of title | evidence from spanish olive oil mills |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Place of publication, distribution, etc. | Ithaca : |
| Name of publisher, distributor, etc. | Johnson Graduate School of Management, |
| Date of publication, distribution, etc. | March 2007 |
| 520 3# - SUMMARY, ETC. | |
| Summary, etc. | This paper challenges the prevalent notion that family-owned firms are more risk averse than publicly-owned firms. Using behavioral theory, we argue that for family firms, the primary reference point is the loss of their socioemotional wealth, and to avoid those losses, family firms are willing to accept a significant risk to their performance; yet at the same time, they avoid risky business decisions that might aggravate that risk. Thus, we propose that the predictions of behavioral theory differ depending on family ownership. We confirm our hypotheses using a population of 1,237 family-owned olive oil mills in Southern Spain who faced the choice during a 54-year period of becoming a member of a cooperative, a decision associated with loss of family control but lower business risk, or remaining independent, which preserves the family's socioemotional wealth but greatly increases their performance hazard. As shown in this study, family firms may be risk willing and risk averse at the same time |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | HAYNES, Katalin Takács |
| 9 (RLIN) | 32991 |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | JACOBSON, Kathyrn J. L. |
| 9 (RLIN) | 32992 |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | MOYANO-FUENTES, José |
| 9 (RLIN) | 32993 |
| 773 08 - HOST ITEM ENTRY | |
| Title | Administrative Science Quarterly |
| Related parts | 52, 1, p. 106-137 |
| Place, publisher, and date of publication | Ithaca : Johnson Graduate School of Management, March 2007 |
| International Standard Serial Number | ISSN 00018392 |
| Record control number | |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Periódico |
| 998 ## - LOCAL CONTROL INFORMATION (RLIN) | |
| -- | 20071022 |
| Operator's initials, OID (RLIN) | 1707^b |
| Cataloger's initials, CIN (RLIN) | Tiago |
| 998 ## - LOCAL CONTROL INFORMATION (RLIN) | |
| -- | 20101019 |
| Operator's initials, OID (RLIN) | 1409^b |
| Cataloger's initials, CIN (RLIN) | Daiane |
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