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Value is in the Eye of the Owner : Affect Infusion and Socioemotional Wealth among Family Firm Owners

abstract Drawing on the Affect Infusion Model (AIM) from cognitive psychology we develop a conceptual framework that explains how affect related to corporate ownership impacts the formation of socioemotional wealth perceptions among family firm owners reflected in altered subjective value perceptions for the ownership stake. We explore target, personal, and situational features in the subjective valuation process for the ownership stake and explain how these factors mediate the relationship between affect and socioemotional wealth perceptions. We further our understanding about the level of bias in family owners' subjective firm value assessments and offer new approaches for socioemotional wealth research
   
type journal paper
   
keywords Socioemotional Wealth
Emotional Value
Affect Infusion Model
   
project Value and Performance in Family Firms
language English
kind of paper journal article
date of appearance 1-9-2012
journal Family Business Review
publisher Sage (Thousand Oaks, CA/USA)
ISSN 0894-4865
ISSN (online) 1741-6248
DOI 10.1177/0894486511416648
volume of journal 25
number of issue 3
page(s) 280-297
review double-blind review
   
citation Zellweger, T., & Dehlen, T. (2012). Value is in the Eye of the Owner: Affect Infusion and Socioemotional Wealth among Family Firm Owners. Family Business Review, 25(3), 280-297, DOI:10.1177/0894486511416648.