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On the emotional value of owning a firm
This article examines how owners of firms subjectively value their ownership stake in monetary terms. We utilize endowment and possession attachment literature to investigate how emotional benefits and costs related to organizational ownership affect emotional value. We define emotional value as th...
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| Format: | Article |
| Language: | English |
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2008
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| LEADER | 00944nab a22001217a 4500 | ||
|---|---|---|---|
| 008 | 160615b2008 xxu||||| |||| 00| 0 eng d | ||
| 100 | |a Zellweger, Thomas M | ||
| 245 | |a On the emotional value of owning a firm |c Zellweger, Thomas M. | ||
| 260 | |c 2008 | ||
| 300 | |a 347 - 363 | ||
| 520 | |a This article examines how owners of firms subjectively value their ownership stake in monetary terms. We utilize endowment and possession attachment literature to investigate how emotional benefits and costs related to organizational ownership affect emotional value. We define emotional value as that part of willingness to accept unexplained by the financial value of the ownership stake and the private financial benefits of control accruing to the owner. Our research provides new insight into firm owners' psychology and value considerations where an owner values nonfinancial aspects of the ownership stake. | ||
| 773 | |a Family Business Review |d Dec | ||
| 999 | |c 43658 |d 43658 | ||