Value Is in the Eye of the Owner

Zellweger, Thomas Markus; Dehlen, Tobias

doi:10.1177/0894486511416648

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Journal article

Value Is in the Eye of the Owner

Zellweger, Thomas Markus University of St. Gallen, St. Gallen, Switzerland
Dehlen, Tobias University of St. Gallen, St. Gallen, Switzerland

2011-8-1

Published in:

Family Business Review. - SAGE Publications. - 2011, vol. 25, no. 3, p. 280-297

Business, Management and Accounting (miscellaneous)

Finance

English Drawing on the affect infusion model from cognitive psychology, the authors develop a conceptual framework that explains how affect related to corporate ownership influences the formation of socioemotional wealth perceptions among family firm owners, reflected in altered subjective value perceptions for the ownership stake. The authors 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. They further the understanding about the level of bias in family owners’ subjective firm value assessments and offer new approaches for socioemotional wealth research.

Language

English

Open access status

closed

Identifiers

DOI 10.1177/0894486511416648
ISSN 0894-4865

Persistent URL

https://sonar.ch/global/documents/51019

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