Socioemotional Wealth across the Family Firm Life Cycle: A Commentary on “Family Business Survival and the Role of Boardsâ€

Isabelle Le Breton–Miller and Danny Miller

Entrepreneurship Theory and Practice, 2013, vol. 37, issue 6, 1391-1397

Abstract: The differences among family firms can be as telling as their overall distinctiveness from other forms of enterprise. In order to advance and condition the arguments of Wilson, Wright, and Scholes, we employ a typology of family firm evolutionary development to illustrate how changes in patterns of family involvement in the business can influence several socioemotional wealth priorities and how these in turn can shape the board composition required to enhance firm survival. We conclude by arguing how public listing and environmental competitive circumstances can condition these relationships.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:sae:entthe:v:37:y:2013:i:6:p:1391-1397

DOI: 10.1111/etap.12072

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