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A closer look at socioemotional wealth: its flows, stocks, and prospects for moving forward

Research output: Contribution to Journal/MagazineEditorialpeer-review

<mark>Journal publication date</mark>4/03/2015
<mark>Journal</mark>Entrepreneurship Theory and Practice
Issue number2
Number of pages10
Pages (from-to)173-182
Publication StatusPublished
Early online date25/02/15
<mark>Original language</mark>English


We supplement the recent work by Miller and Le Breton-Miller by evaluating more closely two related theoretical aspects of the socioemotional wealth concept: (1) the stocks and flows of non-economic benefits and how they influence family firm behavior; and (2) the use of prospect theory as an umbrella concept. We, thus, contribute to family business research by delineating a number of important research questions related to these two theoretical aspects that need to be addressed if theories of family firm behavior and performance are to move forward.