An organizational economics approach on the pursuit of socioemotional and financial wealth in family firms: Are these competing or complementary objectives?. (21st November 2016)

• Record Type: Journal Article
• Authors: Kabbach de Castro, Luiz Ricardo; Crespi-Cladera, Rafel; Aguilera, Ruth V.
• Is Part Of: Management research. Volume 14:Number 3(2016)
• Page Start: 267
• Page End: 278
• Publication Date: 2016-11-21
• Subjects: Property rights -- Family firms -- Endogeneity -- Transaction cost -- Socioemotional wealth; Management -- Periodicals; 658
• DOI: 10.1108/MRJIAM-07-2016-0677
• Languages: English
• ISSNs: 1536-5433

Abstract

Abstract : Purpose: The purpose of this study is to analyze the contribution of the paper by Martin and Gomez-Mejia and propose complementary approaches and ways to test their hypotheses. Design/methodology/approach: This study compares different theoretical approaches that complement socioemotional wealth to explain manager's decisions and firm performance. Findings: The authors of this study argue that progress could be achieved by combining Martin and Gomez-Mejia's propositions with elements of existing organizational theories that are grounded on economics such as the resource-based view, transactional cost and property rights. Originality/value: This study provides a new perspective of the work of Martin and Gomez-Mejia published in this issue.