The DOI matches its Crossref record; 88 of the 88 references it cites were found in a registry or an index.
Socioemotional Wealth as a Mixed Gamble: Revisiting Family Firm R&D Investments with the Behavioral Agency Model
Abstract
Theoretical explanations for family firm underinvestment in R&D relative to nonfamily firms remain nascent. We revisit this question using a refinement to the behavioral agency model (BAM)—the mixed gamble—that allows us to examine the socioemotional trade–offs that R&D represents for the family firm and how this differentiates their R&D investment decision from nonfamily firms. We do so in an empirical context where R&D investment is of greatest importance—high–technology industries. Moreover, we examine three contingencies that allow us to explore heterogeneity across family firms in their R&D decisions due to their effect upon the family's socioemotional wealth mixed gamble: institutional investor ownership, related diversification, and performance hazard.
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Cites
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Metadata
- Authors
- Gomez–Mejia, L. R., Campbell, J. T., Martin, G., Hoskisson, R. E., Makri, M., & Sirmon, D. G.
- Venue
- Entrepreneurship Theory and Practice
- Publisher
- SAGE Publications
- Published
- 2014-11
- Volume
- 38
- Issue
- 6
- Pages
- 1351-1374
- ISSN
- 1042-2587 (ISSN-L)
- 1540-6520
- OpenAlex
- W2063614605
- Cited by
- 498
- References
- 88
- FWCI
- 28.85
- Type
- journal article
- Language
- en
- Open access
- closed
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- Gomez–Mejia, L. R., Campbell, J. T., Martin, G., Hoskisson, R. E., Makri, M., & Sirmon, D. G. (2014). Socioemotional Wealth as a Mixed Gamble: Revisiting Family Firm R&D Investments with the Behavioral Agency Model. Entrepreneurship Theory and Practice. https://doi.org/10.1111/etap.12083
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