메뉴 건너뛰기




Volumn 14, Issue 3, 2016, Pages 215-233

The relationship between socioemotional and financial wealth: Re-visiting family firm decision making

Author keywords

Family firm; Financial wealth; Socioemotional wealth

Indexed keywords


EID: 85029578886     PISSN: 15365433     EISSN: 15580946     Source Type: Journal    
DOI: 10.1108/MRJIAM-02-2016-0638     Document Type: Article
Times cited : (96)

References (82)
  • 2
    • 84939240431 scopus 로고    scopus 로고
    • Financial performance of family firms
    • Merlin, L., Nordqvist, M. and Sharma, P. and(Eds), Sage Publications, Thousand Oaks, CA
    • Amit, R. and Villalonga, B. (2014), “Financial performance of family firms”, in Merlin, L., Nordqvist, M. and Sharma, P. (Eds), The Sage Handbook of Family Business, Sage Publications, Thousand Oaks, CA, pp. 157-178.
    • (2014) The Sage Handbook of Family Business , pp. 157-178
    • Amit, R.1    Villalonga, B.2
  • 3
    • 12744275057 scopus 로고    scopus 로고
    • Board composition: balancing family influence in S&P 500 firms
    • Anderson, R.C. and Reeb, D.M. (2004), “Board composition: balancing family influence in S&P 500 firms”, Administrative Science Quarterly, Vol. 49 No. 2, pp. 209-237.
    • (2004) Administrative Science Quarterly , vol.49 , Issue.2 , pp. 209-237
    • Anderson, R.C.1    Reeb, D.M.2
  • 4
    • 36448949838 scopus 로고    scopus 로고
    • Roughing it up: including jump components in the measurement, modeling, and forecasting of return volatility
    • Andersen, T.G., Bollerslev, T. and Diebold, F.X. (2007), “Roughing it up: including jump components in the measurement, modeling, and forecasting of return volatility”, The Review of Economics and Statistics, Vol. 89 No. 4, pp. 701-720.
    • (2007) The Review of Economics and Statistics , vol.89 , Issue.4 , pp. 701-720
    • Andersen, T.G.1    Bollerslev, T.2    Diebold, F.X.3
  • 5
    • 0034148454 scopus 로고    scopus 로고
    • Customer satisfaction cues to support market segmentation and explain switching behavior
    • Athanassopoulos, A.D. (2000), “Customer satisfaction cues to support market segmentation and explain switching behavior”, Journal of Business Research, Vol. 47 No. 3, pp. 191-207.
    • (2000) Journal of Business Research , vol.47 , Issue.3 , pp. 191-207
    • Athanassopoulos, A.D.1
  • 6
    • 37149005683 scopus 로고
    • Investment banking, reputation, and the underpricing of initial public offerings
    • Beatty, R.P. and Ritter, J.R. (1986), “Investment banking, reputation, and the underpricing of initial public offerings”, Journal of Financial Economics, Vol. 15 No. 1, pp. 213-232.
    • (1986) Journal of Financial Economics , vol.15 , Issue.1 , pp. 213-232
    • Beatty, R.P.1    Ritter, J.R.2
  • 7
    • 77954245236 scopus 로고    scopus 로고
    • Ownership structure and corporate response to institutional pressures: do family-controlled firms pollute less?
    • Berrone, P., Cruz, C., Gomez-Mejia, L.R. and Larraza-Kintana, M. (2010), “Ownership structure and corporate response to institutional pressures: do family-controlled firms pollute less?”, Administrative Science Quarterly, Vol. 55 No. 1, pp. 82-113.
    • (2010) Administrative Science Quarterly , vol.55 , Issue.1 , pp. 82-113
    • Berrone, P.1    Cruz, C.2    Gomez-Mejia, L.R.3    Larraza-Kintana, M.4
  • 8
    • 84865961884 scopus 로고    scopus 로고
    • Socioemotional wealth in family firms theoretical dimensions, assessment approaches, and agenda for future research
    • Berrone, P., Cruz, C. and Gomez-Mejia, L.R. (2012), “Socioemotional wealth in family firms theoretical dimensions, assessment approaches, and agenda for future research”, Family Business Review, Vol. 25 No. 3, pp. 258-279.
    • (2012) Family Business Review , vol.25 , Issue.3 , pp. 258-279
    • Berrone, P.1    Cruz, C.2    Gomez-Mejia, L.R.3
  • 9
    • 78249281484 scopus 로고    scopus 로고
    • A prospect theory model of resource allocation
    • Bromiley, P. (2009), “A prospect theory model of resource allocation”, Decision Analysis, Vol. 6 No. 3, pp. 124-138.
    • (2009) Decision Analysis , vol.6 , Issue.3 , pp. 124-138
    • Bromiley, P.1
  • 10
    • 0033402706 scopus 로고    scopus 로고
    • The economics of the family firm
    • Casson, M. (1999), “The economics of the family firm”, Scandinavian Economic History Review, Vol. 47 No. 1, pp. 10-23.
    • (1999) Scandinavian Economic History Review , vol.47 , Issue.1 , pp. 10-23
    • Casson, M.1
  • 11
    • 34447650805 scopus 로고    scopus 로고
    • The role of perceived organizational performance in organizational identification, adjustment and job performance*
    • Carmeli, A., Gilat, G. and Waldman, D.A. (2007), “The role of perceived organizational performance in organizational identification, adjustment and job performance*”, Journal of Management Studies, Vol. 44 No. 6, pp. 972-992.
    • (2007) Journal of Management Studies , vol.44 , Issue.6 , pp. 972-992
    • Carmeli, A.1    Gilat, G.2    Waldman, D.A.3
  • 12
    • 84876185219 scopus 로고    scopus 로고
    • Socioemotional wealth and proactive stakeholder engagement: why family-controlled firms care more about their stakeholders
    • Cennamo, C., Berrone, P., Cruz, C. and Gomez-Mejia, L.R. (2012), “Socioemotional wealth and proactive stakeholder engagement: why family-controlled firms care more about their stakeholders”, Entrepreneurship Theory and Practice, Vol. 36 No. 1, pp. 1153-1173.
    • (2012) Entrepreneurship Theory and Practice , vol.36 , Issue.1 , pp. 1153-1173
    • Cennamo, C.1    Berrone, P.2    Cruz, C.3    Gomez-Mejia, L.R.4
  • 13
    • 70350044476 scopus 로고    scopus 로고
    • Are family firms more tax aggressive than non-family firms?
    • Chen, S., Chen, X., Cheng, Q. and Shevlin, T. (2010), “Are family firms more tax aggressive than non-family firms?”, Journal of Financial Economics, Vol. 95 No. 1, pp. 41-61.
    • (2010) Journal of Financial Economics , vol.95 , Issue.1 , pp. 41-61
    • Chen, S.1    Chen, X.2    Cheng, Q.3    Shevlin, T.4
  • 14
    • 84875345411 scopus 로고    scopus 로고
    • Variations in R&D investments of family and non-family firms: behavioral agency and myopic loss aversion perspectives
    • Chrisman, J.J. and Patel, P.C. (2012), “Variations in R&D investments of family and non-family firms: behavioral agency and myopic loss aversion perspectives”, Academy of Management Journal, Vol. 55 No. 4, pp. 976-997.
    • (2012) Academy of Management Journal , vol.55 , Issue.4 , pp. 976-997
    • Chrisman, J.J.1    Patel, P.C.2
  • 15
    • 84926138625 scopus 로고    scopus 로고
    • A closer look at socio emotional wealth: its flows, stocks, and prospects for moving forward
    • Chua, J.H., Chrisman, J.J. and De Massis, A. (2015), “A closer look at socio emotional wealth: its flows, stocks, and prospects for moving forward”, Entrepreneurship Theory and Practice, Vol. 39 No. 2, pp. 173-182.
    • (2015) Entrepreneurship Theory and Practice , vol.39 , Issue.2 , pp. 173-182
    • Chua, J.H.1    Chrisman, J.J.2    De Massis, A.3
  • 16
    • 77149122439 scopus 로고    scopus 로고
    • Perceptions of benevolence and the design of agency contracts: CEO-TMT relationships in family firms
    • Cruz, C., Gomez-Mejia, L.R. and Becerra, M. (2010), “Perceptions of benevolence and the design of agency contracts: CEO-TMT relationships in family firms”, Academy of Management Journal, Vol. 53 No. 1, pp. 69-89.
    • (2010) Academy of Management Journal , vol.53 , Issue.1 , pp. 69-89
    • Cruz, C.1    Gomez-Mejia, L.R.2    Becerra, M.3
  • 18
    • 0033475102 scopus 로고    scopus 로고
    • The embeddedness of organizations: dialogue and directions
    • Dacin, M.T., Ventresca, M.J. and Beal, B.D. (1999), “The embeddedness of organizations: dialogue and directions”, Journal of Management, Vol. 25 No. 3, pp. 317-356.
    • (1999) Journal of Management , vol.25 , Issue.3 , pp. 317-356
    • Dacin, M.T.1    Ventresca, M.J.2    Beal, B.D.3
  • 19
    • 84900238465 scopus 로고    scopus 로고
    • Updating systems concepts in family businesses: a focus on values, resource flows, and adaptability
    • Distelberg, B. and Sorenson, R.L. (2009), “Updating systems concepts in family businesses: a focus on values, resource flows, and adaptability”, Family Business Review, Vol. 22 No. 1, pp. 65-81.
    • (2009) Family Business Review , vol.22 , Issue.1 , pp. 65-81
    • Distelberg, B.1    Sorenson, R.L.2
  • 20
    • 84936628961 scopus 로고
    • The changed world economy
    • Drucker, P.F. (1986), “The changed world economy”, Foreign Affairs, Vol. 64 No. 4, pp. 768-791.
    • (1986) Foreign Affairs , vol.64 , Issue.4 , pp. 768-791
    • Drucker, P.F.1
  • 21
    • 84983354652 scopus 로고    scopus 로고
    • Doing more with less: innovation input and output in family firms
    • Duran, P., Kammerlander, N., Van Essen, M. and Zellweger, T. (2015), “Doing more with less: innovation input and output in family firms”, Academy of Management Journal, Vol. 59 No. 4, pp. 1244-1264.
    • (2015) Academy of Management Journal , vol.59 , Issue.4 , pp. 1244-1264
    • Duran, P.1    Kammerlander, N.2    Van Essen, M.3    Zellweger, T.4
  • 22
    • 84935412968 scopus 로고
    • Top-management-team tenure and organizational outcomes: the moderating role of managerial discretion
    • Finkelstein, S. and Hambrick, D.C. (1990), “Top-management-team tenure and organizational outcomes: the moderating role of managerial discretion”, Administrative Science Quarterly, Vol. 36 No. 4, pp. 484-503.
    • (1990) Administrative Science Quarterly , vol.36 , Issue.4 , pp. 484-503
    • Finkelstein, S.1    Hambrick, D.C.2
  • 23
    • 23244436233 scopus 로고    scopus 로고
    • The effect of layoffs on firm reputation
    • Flanagan, D.J. and O’Shaughnessy, K.C. (2005), “The effect of layoffs on firm reputation”, Journal of Management, Vol. 31 No. 3, pp. 445-463.
    • (2005) Journal of Management , vol.31 , Issue.3 , pp. 445-463
    • Flanagan, D.J.1    O’Shaughnessy, K.C.2
  • 24
    • 0000539567 scopus 로고
    • What’s in a name? Reputation building and corporate strategy
    • Fombrun, C. and Shanley, M. (1990), “What’s in a name? Reputation building and corporate strategy”, Academy of Management Journal, Vol. 33 No. 2, pp. 233-258.
    • (1990) Academy of Management Journal , vol.33 , Issue.2 , pp. 233-258
    • Fombrun, C.1    Shanley, M.2
  • 25
    • 58549120973 scopus 로고    scopus 로고
    • Trust repair after an organization-level failure
    • Gillespie, N. and Dietz, G. (2009), “Trust repair after an organization-level failure”, Academy of Management Review, Vol. 34 No. 1, pp. 127-145.
    • (2009) Academy of Management Review , vol.34 , Issue.1 , pp. 127-145
    • Gillespie, N.1    Dietz, G.2
  • 26
    • 84908113409 scopus 로고    scopus 로고
    • Socioemotional wealth as a mixed gamble: re-visiting family firm R&D investments with the behavioral agency model
    • Gomez-Mejia, L.R., Campbell, J., Martin, G.P., Hoskisson, R., Makri, M. and Sirmon, D. (2014), “Socioemotional wealth as a mixed gamble: re-visiting family firm R&D investments with the behavioral agency model”, Entrepreneurship Theory & Practice, Vol. 38, pp. 1351-1374.
    • (2014) Entrepreneurship Theory & Practice , vol.38 , pp. 1351-1374
    • Gomez-Mejia, L.R.1    Campbell, J.2    Martin, G.P.3    Hoskisson, R.4    Makri, M.5    Sirmon, D.6
  • 27
    • 79960752917 scopus 로고    scopus 로고
    • The bind that ties: socio emotional wealth preservation in family firms
    • Gomez-Mejia, L.R., Cruz, C., Berrone, P. and DeCastro, J. (2011), “The bind that ties: socio emotional wealth preservation in family firms”, Academy of Management Annals, Vol. 5 No. 1, pp. 653-707.
    • (2011) Academy of Management Annals , vol.5 , Issue.1 , pp. 653-707
    • Gomez-Mejia, L.R.1    Cruz, C.2    Berrone, P.3    DeCastro, J.4
  • 28
    • 74549120166 scopus 로고    scopus 로고
    • Diversification decisions in family controlled firms
    • Gomez-Mejia, L.R., Makri, M. and Kintana, M.L. (2010), “Diversification decisions in family controlled firms”, Journal of Management Studies, Vol. 47 No. 2, pp. 223-252.
    • (2010) Journal of Management Studies , vol.47 , Issue.2 , pp. 223-252
    • Gomez-Mejia, L.R.1    Makri, M.2    Kintana, M.L.3
  • 30
    • 84991248094 scopus 로고    scopus 로고
    • In the horns of the dilemma: sociomotional wealth, financial wealth and acquisitions in family firms
    • Gomez-Mejia, L.R., Patel, P.C. and Zellweger, T. (2015), “In the horns of the dilemma: sociomotional wealth, financial wealth and acquisitions in family firms”, Journal of Management, Vol. 2015, pp. 1-50.
    • (2015) Journal of Management , vol.2015 , pp. 1-50
    • Gomez-Mejia, L.R.1    Patel, P.C.2    Zellweger, T.3
  • 32
    • 0030077414 scopus 로고    scopus 로고
    • The impact of prior firm financial performance on subsequent corporate reputation
    • Hammond, S.A. and Slocum J.W. Jr (1996), “The impact of prior firm financial performance on subsequent corporate reputation”, Journal of Business Ethics, Vol. 15 No. 2, pp. 159-165.
    • (1996) Journal of Business Ethics , vol.15 , Issue.2 , pp. 159-165
    • Hammond, S.A.1    Slocum, J.W.2
  • 33
    • 13144250328 scopus 로고
    • The impact of human resource management practices on turnover, productivity, and corporate financial performance
    • Huselid, M.A. (1995), “The impact of human resource management practices on turnover, productivity, and corporate financial performance”, Academy of Management Journal, Vol. 38 No. 3, pp. 635-672.
    • (1995) Academy of Management Journal , vol.38 , Issue.3 , pp. 635-672
    • Huselid, M.A.1
  • 34
    • 84936016411 scopus 로고
    • Performance pay and top-management incentives
    • Jensen, M.C. and Murphy, K.J. (1990), “Performance pay and top-management incentives”, Journal of Political Economy, pp. 225-264.
    • (1990) Journal of Political Economy , pp. 225-264
    • Jensen, M.C.1    Murphy, K.J.2
  • 35
    • 0001965040 scopus 로고
    • The family and the firm: a co-evolutionary perspective
    • Kepner, E. (1983), “The family and the firm: a co-evolutionary perspective”, Organizational Dynamics, Vol. 12 No. 1, pp. 57-70.
    • (1983) Organizational Dynamics , vol.12 , Issue.1 , pp. 57-70
    • Kepner, E.1
  • 36
    • 0002893381 scopus 로고
    • The dynamics of family-controlled firms
    • Kets de Vries, M.F.R. (1993), “The dynamics of family-controlled firms”, Organizational Dynamics, Vol. 21 No. 3, pp. 59-71.
    • (1993) Organizational Dynamics , vol.21 , Issue.3 , pp. 59-71
    • Kets de Vries, M.F.R.1
  • 37
    • 0001457802 scopus 로고
    • The role of market forces in assuring contractual performance
    • Klein, B. and Leffler, K.B. (1981), “The role of market forces in assuring contractual performance”, The Journal of Political Economy, Vol. 89 No. 4, pp. 615-641.
    • (1981) The Journal of Political Economy , vol.89 , Issue.4 , pp. 615-641
    • Klein, B.1    Leffler, K.B.2
  • 38
    • 0041022383 scopus 로고    scopus 로고
    • The influence of framing on risky decisions: a meta-analysis
    • Kühberger, A. (1998), “The influence of framing on risky decisions: a meta-analysis”, Organizational Behavior and Human Decision Processes, Vol. 75 No. 1, pp. 23-55.
    • (1998) Organizational Behavior and Human Decision Processes , vol.75 , Issue.1 , pp. 23-55
    • Kühberger, A.1
  • 39
    • 0030509373 scopus 로고    scopus 로고
    • Economic ‘short-termism’: the debate, the unresolved issues, and the implications for management practice and research
    • Laverty, K.J. (1996), “Economic ‘short-termism’: the debate, the unresolved issues, and the implications for management practice and research”, Academy of Management Review, Vol. 21 No. 3, pp. 825-860.
    • (1996) Academy of Management Review , vol.21 , Issue.3 , pp. 825-860
    • Laverty, K.J.1
  • 40
    • 0001200270 scopus 로고
    • Corporate social responsibility and firm financial performance
    • McGuire, J.B., Sundgren, A. and Schneeweis, T. (1988), “Corporate social responsibility and firm financial performance”, Academy of Management Journal, Vol. 31 No. 4, pp. 854-872.
    • (1988) Academy of Management Journal , vol.31 , Issue.4 , pp. 854-872
    • McGuire, J.B.1    Sundgren, A.2    Schneeweis, T.3
  • 41
    • 40549086645 scopus 로고    scopus 로고
    • Exploring the debate on short-termism: a theoretical and empirical analysis
    • Marginson, D. and McAulay, L. (2008), “Exploring the debate on short-termism: a theoretical and empirical analysis”, Strategic Management Journal, Vol. 29 No. 3, pp. 273-292.
    • (2008) Strategic Management Journal , vol.29 , Issue.3 , pp. 273-292
    • Marginson, D.1    McAulay, L.2
  • 42
    • 84960321351 scopus 로고    scopus 로고
    • Family owners as dominant principals: the role of socioemotional wealth in earnings management
    • Martin, G.P., Campbell, J. and Gomez-Mejia, L.R. (2016), “Family owners as dominant principals: the role of socioemotional wealth in earnings management”, Journal of Business Ethics, Vol. 133 No. 3, pp. 453-469.
    • (2016) Journal of Business Ethics , vol.133 , Issue.3 , pp. 453-469
    • Martin, G.P.1    Campbell, J.2    Gomez-Mejia, L.R.3
  • 43
    • 84879661698 scopus 로고    scopus 로고
    • Executive stock options as mixed gambles: revisiting the behavioral agency model
    • Martin, G.P., Gomez-Mejia, L.R. and Wiseman, R. (2013), “Executive stock options as mixed gambles: revisiting the behavioral agency model”, Academy of Management Journal, Vol. 56 No. 2, pp. 451-472.
    • (2013) Academy of Management Journal , vol.56 , Issue.2 , pp. 451-472
    • Martin, G.P.1    Gomez-Mejia, L.R.2    Wiseman, R.3
  • 44
    • 84936823535 scopus 로고
    • Price and advertising signals of product quality
    • Milgrom, P. and Roberts, J. (1986), “Price and advertising signals of product quality”, The Journal of Political Economy, Vol. 94 No. 4, pp. 796-821.
    • (1986) The Journal of Political Economy , vol.94 , Issue.4 , pp. 796-821
    • Milgrom, P.1    Roberts, J.2
  • 47
    • 73849121482 scopus 로고    scopus 로고
    • Family ownership and acquisition behavior in publicly-traded companies
    • Miller, D., Le Breton-Miller, I. and Lester, R.H. (2010), “Family ownership and acquisition behavior in publicly-traded companies”, Strategic Management Journal, Vol. 31 No. 2, pp. 201-223.
    • (2010) Strategic Management Journal , vol.31 , Issue.2 , pp. 201-223
    • Miller, D.1    Le Breton-Miller, I.2    Lester, R.H.3
  • 48
    • 0035587413 scopus 로고    scopus 로고
    • Do consumers expect companies to be socially responsible? The impact of corporate social responsibility on buying behavior
    • Mohr, L.A., Webb, D.J. and Harris, K.E. (2001), “Do consumers expect companies to be socially responsible? The impact of corporate social responsibility on buying behavior”, Journal of Consumer Affairs, Vol. 35 No. 1, pp. 45-72.
    • (2001) Journal of Consumer Affairs , vol.35 , Issue.1 , pp. 45-72
    • Mohr, L.A.1    Webb, D.J.2    Harris, K.E.3
  • 50
    • 0036905213 scopus 로고    scopus 로고
    • Corporate reputation and sustained superior financial performance
    • Roberts, P.W. and Dowling, G.R. (2002), “Corporate reputation and sustained superior financial performance”, Strategic Management Journal, Vol. 23 No. 12, pp. 1077-1093.
    • (2002) Strategic Management Journal , vol.23 , Issue.12 , pp. 1077-1093
    • Roberts, P.W.1    Dowling, G.R.2
  • 52
  • 53
    • 0035628913 scopus 로고    scopus 로고
    • Agency relationships in family firms: theory and evidence
    • Schulze, W.S., Lubatkin, M.H., Dino, R.N. and Buchholtz, A.K. (2001), “Agency relationships in family firms: theory and evidence”, Organization Science, Vol. 12 No. 2, pp. 99-116.
    • (2001) Organization Science , vol.12 , Issue.2 , pp. 99-116
    • Schulze, W.S.1    Lubatkin, M.H.2    Dino, R.N.3    Buchholtz, A.K.4
  • 54
    • 84996251194 scopus 로고    scopus 로고
    • An overview of the field of family business studies: current status and directions for the future
    • Sharma, P. (2004), “An overview of the field of family business studies: current status and directions for the future”, Family Business Review, Vol. 17 No. 1, pp. 1-36.
    • (2004) Family Business Review , vol.17 , Issue.1 , pp. 1-36
    • Sharma, P.1
  • 55
    • 0345025014 scopus 로고    scopus 로고
    • Managing resources: linking unique resources, management, and wealth creation in family firms
    • Sirmon, D.G. and Hitt, M.A. (2003), “Managing resources: linking unique resources, management, and wealth creation in family firms”, Entrepreneurship Theory and Practice, Vol. 27 No. 4, pp. 339-358.
    • (2003) Entrepreneurship Theory and Practice , vol.27 , Issue.4 , pp. 339-358
    • Sirmon, D.G.1    Hitt, M.A.2
  • 56
    • 77955867167 scopus 로고    scopus 로고
    • Socioemotional wealth and earnings management in private family firms
    • Stockmans, A., Lybaert, N. and Voordeckers, W. (2010), “Socioemotional wealth and earnings management in private family firms”, Family Business Review, 23 No. 3, pp. 280-294.
    • (2010) Family Business Review , vol.23 , Issue.3 , pp. 280-294
    • Stockmans, A.1    Lybaert, N.2    Voordeckers, W.3
  • 58
    • 33646477423 scopus 로고    scopus 로고
    • How do family ownership, control and management affect firm value?
    • Villalonga, B. and Amit, R. (2006), “How do family ownership, control and management affect firm value?”, Journal of Financial Economics, Vol. 80 No. 2, pp. 385-417.
    • (2006) Journal of Financial Economics , vol.80 , Issue.2 , pp. 385-417
    • Villalonga, B.1    Amit, R.2
  • 59
    • 0000837829 scopus 로고
    • On the efficiency of internal and external corporate control mechanisms
    • Walsh, J.P. and Seward, J.K. (1990), “On the efficiency of internal and external corporate control mechanisms”, Academy of Management Review, Vol. 15 No. 3, pp. 421-458.
    • (1990) Academy of Management Review , vol.15 , Issue.3 , pp. 421-458
    • Walsh, J.P.1    Seward, J.K.2
  • 60
    • 33845371207 scopus 로고    scopus 로고
    • Ownership and management issues associated with family firm performance and company objectives
    • Westhead, P. and Howorth, C. (2006), “Ownership and management issues associated with family firm performance and company objectives”, Family Business Review, Vol. 19 No. 4, pp. 301-316.
    • (2006) Family Business Review , vol.19 , Issue.4 , pp. 301-316
    • Westhead, P.1    Howorth, C.2
  • 61
    • 0038367169 scopus 로고    scopus 로고
    • The development of family companies: management and ownership imperatives
    • Westhead, P., Cowling, M. and Howorth, C. (2001), “The development of family companies: management and ownership imperatives”, Family Business Review, Vol. 14 No. 4, pp. 369-385.
    • (2001) Family Business Review , vol.14 , Issue.4 , pp. 369-385
    • Westhead, P.1    Cowling, M.2    Howorth, C.3
  • 62
    • 0002846846 scopus 로고
    • Reputations in games and markets
    • Cambridge University Press, Cambridge, MA
    • Wilson, R. (1985), “Reputations in games and markets”, Game-Theoretic Models of Bargaining, Cambridge University Press, Cambridge, MA, pp. 27-62.
    • (1985) Game-Theoretic Models of Bargaining , pp. 27-62
    • Wilson, R.1
  • 63
    • 0032350136 scopus 로고    scopus 로고
    • A behavioral agency model of managerial risk taking
    • Wiseman, R.M. and Gomez-Mejia, L.R. (1998), “A behavioral agency model of managerial risk taking”, Academy of Management Review, Vol. 23, pp. 133-153.
    • (1998) Academy of Management Review , vol.23 , pp. 133-153
    • Wiseman, R.M.1    Gomez-Mejia, L.R.2
  • 64
    • 70749142774 scopus 로고    scopus 로고
    • Family ownership, board independence, and R&D investment
    • Chen, H.L. and Hsu, W.T. (2009), “Family ownership, board independence, and R&D investment”, Family Business Review, Vol. 22 No. 4, pp. 347-362.
    • (2009) Family Business Review , vol.22 , Issue.4 , pp. 347-362
    • Chen, H.L.1    Hsu, W.T.2
  • 65
    • 0036334425 scopus 로고    scopus 로고
    • The ultimate ownership of Western European corporations
    • Faccio, M. and Lang, L.H. (2002), “The ultimate ownership of Western European corporations”, Journal of Financial Economics, Vol. 65 No. 3, pp. 365-395.
    • (2002) Journal of Financial Economics , vol.65 , Issue.3 , pp. 365-395
    • Faccio, M.1    Lang, L.H.2
  • 67
    • 0038471245 scopus 로고    scopus 로고
    • The determinants of executive compensation in family-controlled public corporations
    • Gomez-Mejia, L.R., Larraza-Kintana, M. and Makri, M. (2003), “The determinants of executive compensation in family-controlled public corporations”, Academy of Management Journal, Vol. 46 No. 2, pp. 226-237.
    • (2003) Academy of Management Journal , vol.46 , Issue.2 , pp. 226-237
    • Gomez-Mejia, L.R.1    Larraza-Kintana, M.2    Makri, M.3
  • 68
    • 84989103793 scopus 로고
    • Strategic control systems and relative R&D investment in large multiproduct firms
    • Hoskisson, R.E. and Hitt, M.A. (1988), “Strategic control systems and relative R&D investment in large multiproduct firms”, Strategic Management Journal, Vol. 9 No. 6, pp. 605-621.
    • (1988) Strategic Management Journal , vol.9 , Issue.6 , pp. 605-621
    • Hoskisson, R.E.1    Hitt, M.A.2
  • 70
    • 55249116036 scopus 로고    scopus 로고
    • Affiliate directors and perceived risk bearing in publicly traded, family-controlled firms: the case of diversification
    • Jones, C.D., Makri, M. and Gomez-Mejia, L.R. (2008), “Affiliate directors and perceived risk bearing in publicly traded, family-controlled firms: the case of diversification”, Entrepreneurship Theory and Practice, Vol. 32 No. 6, pp. 1007-1026.
    • (2008) Entrepreneurship Theory and Practice , vol.32 , Issue.6 , pp. 1007-1026
    • Jones, C.D.1    Makri, M.2    Gomez-Mejia, L.R.3
  • 72
    • 79959255378 scopus 로고    scopus 로고
    • Stewardship or agency? A social embeddedness reconciliation of conduct and performance in public family businesses
    • Le Breton-Miller, I., Miller, D. and Lester, R.H. (2011), “Stewardship or agency? A social embeddedness reconciliation of conduct and performance in public family businesses”, Organizational Science, Vol. 22 No. 3, pp. 704-721.
    • (2011) Organizational Science , vol.22 , Issue.3 , pp. 704-721
    • Le Breton-Miller, I.1    Miller, D.2    Lester, R.H.3
  • 73
    • 79959862310 scopus 로고    scopus 로고
    • Family ownership and the international involvement of Taiwan’s high technology firms
    • Liu, Y., Lin, W.T. and Cheng, K.Y. (2011), “Family ownership and the international involvement of Taiwan’s high technology firms”, Management and Organization Review, Vol. 7 No. 2, pp. 201-222.
    • (2011) Management and Organization Review , vol.7 , Issue.2 , pp. 201-222
    • Liu, Y.1    Lin, W.T.2    Cheng, K.Y.3
  • 74
    • 27844540765 scopus 로고    scopus 로고
    • Founders versus descendents: the profitability, efficiency, growth characteristics and financing in large, public, founding family-controlled firms
    • McConaughy, D. and Phillips, G. (1999), “Founders versus descendents: the profitability, efficiency, growth characteristics and financing in large, public, founding family-controlled firms”, Family Business Review, Vol. 12 No. 2, pp. 123-131.
    • (1999) Family Business Review , vol.12 , Issue.2 , pp. 123-131
    • McConaughy, D.1    Phillips, G.2
  • 75
    • 0001857928 scopus 로고    scopus 로고
    • Founding family control and capital structure: the risk of loss of control and the aversion to debt
    • Mishra, C.S. and McConaughy, D.C. (1999), “Founding family control and capital structure: the risk of loss of control and the aversion to debt”, Entrepreneurship Theory and Practice, Vol. 23, pp. 53-65.
    • (1999) Entrepreneurship Theory and Practice , vol.23 , pp. 53-65
    • Mishra, C.S.1    McConaughy, D.C.2
  • 76
    • 77955425955 scopus 로고    scopus 로고
    • The effects of owner identity and external governance systems on R&D investments: a study of Western European firms
    • Munari, F., Oriani, R. and Sobrero, M. (2010), “The effects of owner identity and external governance systems on R&D investments: a study of Western European firms”, Research Policy, Vol. 39 No. 8, pp. 1093-1104.
    • (2010) Research Policy , vol.39 , Issue.8 , pp. 1093-1104
    • Munari, F.1    Oriani, R.2    Sobrero, M.3
  • 77
    • 84996264061 scopus 로고    scopus 로고
    • Relational and contractual governance in family firms: effects on strategic decision making
    • Mustakallio, M., Autio, E. and Zahra, S.A. (2002), “Relational and contractual governance in family firms: effects on strategic decision making”, Family Business Review, Vol. 15 No. 3, pp. 205-222.
    • (2002) Family Business Review , vol.15 , Issue.3 , pp. 205-222
    • Mustakallio, M.1    Autio, E.2    Zahra, S.A.3
  • 78
    • 68349144499 scopus 로고    scopus 로고
    • How are US family firms controlled?
    • Villalonga, B. and Amit, R. (2009), “How are US family firms controlled?”, Review of Financial Studies, Vol. 22, pp. 3047-3091.
    • (2009) Review of Financial Studies , vol.22 , pp. 3047-3091
    • Villalonga, B.1    Amit, R.2
  • 79
    • 78649247082 scopus 로고    scopus 로고
    • Family control of firms and industries
    • Villalonga, B. and Amit, R. (2010), “Family control of firms and industries”, Financial Management, Vol. 39 No. 3.
    • (2010) Financial Management , vol.39 , Issue.3
    • Villalonga, B.1    Amit, R.2
  • 80
    • 3042777269 scopus 로고    scopus 로고
    • Does diversification cause the ‘diversification discount?’
    • Villalonga, Belen (2004), “Does diversification cause the ‘diversification discount?’”, Financial Management, Vol. 33, pp. 5-27.
    • (2004) Financial Management , vol.33 , pp. 5-27
    • Villalonga, B.1
  • 81
    • 0036234941 scopus 로고    scopus 로고
    • Governance with poor investor protection: evidence from top executive turnover in Italy
    • Volpin, P.F. (2002), “Governance with poor investor protection: evidence from top executive turnover in Italy”, Journal of Financial Economics, Vol. 64, pp. 61-90.
    • (2002) Journal of Financial Economics , vol.64 , pp. 61-90
    • Volpin, P.F.1
  • 82
    • 0038367169 scopus 로고    scopus 로고
    • The development of family companies: management and ownership imperatives
    • Westhead, P., Cowling, M. and Howorth, C. (2004), “The development of family companies: management and ownership imperatives”, Family Business Review, Vol. 14 No. 4, pp. 369-385.
    • (2004) Family Business Review , vol.14 , Issue.4 , pp. 369-385
    • Westhead, P.1    Cowling, M.2    Howorth, C.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.