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

Mariateresa Torchia, Marita Rautiainen (), Andrea Calabrò (), Tuuli Ikäheimonen (), Timo Pihkala () and Markku Ikävalko ()
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Mariateresa Torchia: International University of Monaco, Monaco, INSEEC U. Research Center, France
Marita Rautiainen: Lappeenranta University of Technology, France
Tuuli Ikäheimonen: Lappeenranta University of Technology, France
Timo Pihkala: Lappeenranta University of Technology, France
Markku Ikävalko: Lappeenranta University of Technology, France

Journal of Enterprising Culture (JEC), 2018, vol. 26, issue 02, 207-224

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.

Keywords: Family firms; socioemotional wealth; family ownership; ownership goals; growth; continuity (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1142/S0218495818500085

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