RT Journal Article
T1 Family Firms’ Acquisitions and Politicians as Directors: A Socioemotional Wealth Approach
A1 Cuevas-Rodríguez, Gloria
A1 Pérez-Calero, L.
A1 Gomez-Mejia, Luis
A1 Kopoboru Aguado, Santiago
K1 Family firms
K1 Acquisitions
K1 Boards
K1 Industry velocity
K1 Socioemotional wealth (SEW)
AB This study analyzes how family control influences firms’ acquisition activity using a socioemotional wealth (SEW) approach and discusses their anticipated SEW gains and losses when making acquisition decisions. Data collected from Spanish public companies from 2010 to 2015 indicates that family firms are more reticent about undertaking acquisitions than nonfamily firms, and their lower propensity is more pronounced when there are no former politicians on the board of directors whose presence could reduce potential SEW losses. Furthermore, the benefits of former politicians on the board of family firms in terms of acquisition activity only occur in low-velocity industries.
PB Sage
YR 2023
FD 2023-04-19
LK https://hdl.handle.net/10433/21735
UL https://hdl.handle.net/10433/21735
LA en
NO Cuevas-Rodríguez, G., Pérez-Calero, L., Gomez-Mejia, L., & Kopoboru Aguado, S. (2023). Family Firms’ Acquisitions and Politicians as Directors: A Socioemotional Wealth Approach. Family Business Review, 36(2), 223-253. https://doi.org/10.1177/08944865231162404
NO Proyectos de investigaciónUPO- 1262853,PID2021-128420OB-I00, ProyExcel_00934
NO Departamento organización de empresas y marketing
DS RIO
RD May 10, 2026