Revista de Administração Revista de Administração
Revista de Administração 2016;51:409-11 DOI: 10.1016/j.rausp.2016.08.002
ThinkBox
Socioemotional wealth preservation in family firms
Matias Kalm, , Luis R. Gomez-Mejia
Arizona State University, Department of Management and Entrepreneurship, Tempe, United States
Abstract

In this article, we review literature on socioemotional wealth. We explain how the concept of socioemotional wealth builds on previous family firm research showing that family-owners derive utility from the nonfinancial aspects of their firm. We also discuss how family firms’ need for socioemotional wealth preservation explains behavioral differences between family and nonfamily firms in managerial decision making. Finally, we discuss the current state of socioemotional wealth research and propose potential directions for future research.

Keywords
Socioemotional wealth, Family firms
Revista de Administração 2016;51:409-11 DOI: 10.1016/j.rausp.2016.08.002