On The Emotional Value Of Owning A Firm  

Oleh:

Zellweger, Thomas M. ; Astrachan, Joseph H.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Family Business Review vol. 21 no. 4 (Dec. 2008), page 347-363.
Fulltext: 347.pdf (210.84KB)

Isi artikel

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.

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