Value is in the Eye of the Owner : Affect Infusion and Socioemotional Wealth among Family Firm Owners
Journal
Family Business Review
ISSN
0894-4865
ISSN-Digital
1741-6248
Type
journal article
Date Issued
2012-09-01
Author(s)
Abstract
Drawing on the Affect Infusion Model (AIM) from cognitive psychology we develop a conceptual framework that explains how affect related to corporate ownership impacts the formation of socioemotional wealth perceptions among family firm owners reflected in altered subjective value perceptions for the ownership stake. We 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. We further our understanding about the level of bias in family owners' subjective firm value assessments and offer new approaches for socioemotional wealth research
Funding(s)
Language
English
Keywords
Socioemotional Wealth
Emotional Value
Affect Infusion Model
Emotional Value
Affect Infusion Model
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Sage
Publisher place
Thousand Oaks, CA/USA
Volume
25
Number
3
Start page
280
End page
297
Pages
18
Subject(s)
Eprints ID
144511
File(s)![Thumbnail Image]()
Name
Zellweger_Dehlen_AIM.pdf
Size
338.79 KB
Format
Adobe PDF
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