The determinants of socioemotional wealth and the family firm¿s outcomes
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© 2016, Allied Academies. All rights reserved. Based on the Behavioral Agency Theory and the socio-emotional wealth model proposed by Berrone, Cruz & Gómez-Mejía (2012), this work focuses on measuring and validating the model and its relationship to family firm´s results. It also analyzes some characteristics such as size and age of the family businesses to determine their influence on the relation between socioemotional wealth and family firm´s results. Unlike other studies, an empirical study was made in private family firms (not listed in the stock market). The study suggests that family firm´s outcomes are positively related to socioemotional wealth. Furthermore, the 5 dimensions model of socioemotional wealth is valid but requires adjustments in some dimensions.
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