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
    Why Do Family Firms Strive for Nonfinancial Goals? An Organizational Identity Perspective
    (Wiley-Blackwell, 2013-03)
    Zellweger, Thomas orcid-logo
    ;
    Nason, Robert S.
    ;
    Nordqvist, M.
    ;
    Brush, Candida
    This paper develops an organizational identity based rationale for why family firms strive for nonfinancial goals. We show that the visibility of the family in the firm, the transgenerational sustainability intentions of the family, and the capability of the firm for self-enhancement of the family positively influence the importance of identity fit between family and firm as well as the family's concern for corporate reputation. We suggest that the concern for corporate reputation leads the family to pursue nonfinancial goals to the benefit of nonfamily stakeholders. We also discuss reinforcing feedback loops in these processes
    Type: journal article
    Journal: Entrepreneurship Theory & Practice
    Volume: 37
    Issue: 2
    DOI: 10.1111/j.1540-6520.2011.00466.x
    URI: https://www.alexandria.unisg.ch/handle/20.500.14171/89583
    Scopus© Citations 510
  • 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 600