A Closer Look at Socioemotional Wealth: Its Flows, Stocks, and Prospects for Moving Forward
深入评估社会情感财富概念的两个理论方面:非经济收益的存量与流量如何影响家族企业行为,以及前景理论作为总括概念的适用性,为家族企业研究提出关键问题。
We supplement the recent work by Miller and Le Breton–Miller by evaluating more closely two related theoretical aspects of the socioemotional wealth concept: (1) the stocks and flows of noneconomic benefits and how they influence family firm behavior; and (2) the use of prospect theory as an umbrella concept. We, thus, contribute to family business research by delineating a number of important research questions related to these two theoretical aspects that need to be addressed if theories of family firm behavior and performance are to move forward.