Thomas Zellweger
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Prof. Dr.
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Zellweger
First name
Thomas
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thomas.zellweger@unisg.ch
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+41 71 224 71 00
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  • Publication
    Family Control and Family Firm Valuation by Family CEOs : The Importance of Intentions for Transgenerational Control
    (InformsOnline, 2012-05)
    Zellweger, Thomas orcid-logo
    ;
    Kellermanns, Franz W.
    ;
    Chrisman, James J.
    ;
    Chua, Jess H.
    Family firms are thought to pursue non-financial goals that provide socioemotional wealth but socioemotional wealth is feasible only with family control of the firm. Using prospect theory, we hypothesize that socioemotional wealth increases with the extent of current control, duration of control, and intentions for transgenerational control thus adding to the price at which owners would be willing to sell their firms to non-family buyers. Findings from two countries show that current control has no impact and duration of control has a mixed impact. However, intention for transgenerational control has a consistent positive impact on the perceived acceptable selling price
    Type: journal article
    Journal: Organization Science
    Volume: 23
    Issue: 3
    DOI: 10.1287/orsc.1110.0665
    URI: https://www.alexandria.unisg.ch/handle/20.500.14171/91724
    Scopus© Citations 608