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Family Ownership Goals and Socioemotional Wealth: Evidence from Finnish Family Firms

Author

Listed:
  • Mariateresa Torchia

    (International University of Monaco, Monaco, INSEEC U. Research Center, France)

  • Marita Rautiainen

    (Lappeenranta University of Technology, France)

  • Andrea Calabrò

    (IPAG LAB, IPAG Business School Nice Campus, France)

  • Tuuli Ikäheimonen

    (Lappeenranta University of Technology, France)

  • Timo Pihkala

    (Lappeenranta University of Technology, France)

  • Markku Ikävalko

    (Lappeenranta University of Technology, France)

Abstract

By focusing on family owners’ perceptions and dynamics the aim of this paper is to understand the specific goals associated to their ownership status and whether and to what extend they impact on family firms’ growth and continuity. We use survey data on Finnish family firms and identify a set of differentiated family owners’ goals. Our findings contribute to the debate on differentiating socioemotional wealth by untangling the existence of variations in family principals’ goal setting and the importance to also consider that financial motives could determine family owners’ goals.

Suggested Citation

  • Mariateresa Torchia & Marita Rautiainen & Andrea Calabrò & Tuuli Ikäheimonen & Timo Pihkala & Markku Ikävalko, 2018. "Family Ownership Goals and Socioemotional Wealth: Evidence from Finnish Family Firms," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 26(02), pages 207-224, June.
    • Handle: RePEc:wsi:jecxxx:v:26:y:2018:i:02:n:s0218495818500085
    DOI: 10.1142/S0218495818500085
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    Cited by:

    1. Andrea Calabrò & Mariateresa Torchia & Daniela Gimenez Jimenez & Sascha Kraus, 0. "The role of human capital on family firm innovativeness: the strategic leadership role of family board members," International Entrepreneurship and Management Journal, Springer, vol. 0, pages 1-27.
    2. Andrea Calabrò & Mariateresa Torchia & Daniela Gimenez Jimenez & Sascha Kraus, 2021. "The role of human capital on family firm innovativeness: the strategic leadership role of family board members," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 261-287, March.

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