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Thomas Zellweger
Title
Prof. Dr.
Last Name
Zellweger
First name
Thomas
Email
thomas.zellweger@unisg.ch
ORCID
Phone
+41 71 224 71 00
Google Scholar
Now showing
1 - 3 of 3
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PublicationFamily Control and Family Firm Valuation by Family CEOs : The Importance of Intentions for Transgenerational Control(InformsOnline, 2012-05)
;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 priceType: journal articleJournal: Organization ScienceVolume: 23Issue: 3Scopus© Citations 608 -
PublicationFamily Firm Valuation by Family FIRM CEOs: The Role of Socioemotional ValueBased on the contentions of prospect theory that ownership endows possessions with a value premium, this study provides evidence that socioemotional value in family firms influences the monetary value attached to the firm by family owners. Ability to measure socioemotional value is a critical step toward establishing that it has a direct instead of an imputed link to family firm behavior. The results from two different samples of family firm owner-CEOs show that the socioemotional values for their firms increase with their desires for transgenerational sustainability, a distinctive socioemotional attribute of family firm ownership.Type: conference paper
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PublicationA note on socioemotional wealth as a determinant of family firm valuations by family owners( 2008-07-02)
;Kellermanns, Franz W. ;Chrisman, James J.Chua, Jess H.Type: conference paper