000			01836naa a2200217uu 4500
001			7102217074910
003			OSt
005			20190211163233.0
008			071022s2007 xx ||||gr |0|| 0 eng d
100	1		_aGÓMEZ-MEJÍA, Luis R. _916256
245	1	0	_aSocioemotional wealth and business risks in family-controlled firms : _bevidence from spanish olive oil mills
260			_aIthaca : _bJohnson Graduate School of Management, _cMarch 2007
520	3		_aThis 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		_aHAYNES, Katalin Takács _932991
700	1		_aJACOBSON, Kathyrn J. L. _932992
700	1		_aMOYANO-FUENTES, José _932993
773	0	8	_tAdministrative Science Quarterly _g52, 1, p. 106-137 _dIthaca : Johnson Graduate School of Management, March 2007 _xISSN 00018392 _w
942			_cS
998			_a20071022 _b1707^b _cTiago
998			_a20101019 _b1409^b _cDaiane
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c24870 _d24870
041			_aeng