Strategic Management in Family Firms Family firms not only strive for financial returns. Rather, family firms have been found to see non-financial, socioemotional goals as central for their business activities. The value objectives in family firms have to be broadened. In our research efforts with regard to strategic management in family firms, we particularly focus on the following topics: • Socioemotional Wealth and Emotional Value in Family Firms • Mergers & Acquisitions in Family Firms • Divestment Activity of Family Firms • Institutional Complexity in Family Firms Selected Publications Banalieva, Elitsa ; Eddleston, Kimberley H. ; Zellweger, Thomas: When do family firms have an advantage in transitioning economies? Toward a dynamic institution-based view. In: Strategic Management Journal 2014 (2014), Nr. forthcoming, S. 1-40, DOI:10.1002/smj.2288. Gomez-Mejia, L. R., Patel, P. C., & Zellweger, T. M. (2015). In the Horns of the Dilemma Socioemotional Wealth, Financial Wealth, and Acquisitions in Family Firms. Journal of Management. Kellermanns, F. W., Eddleston, K. H., & Zellweger, T. (2012). Extending the Socioemotional Wealth Perspective: A Look at the dark Side. Entrepreneurship: Theory and Practice, 36(6), 1175-1182, DOI:10.1111/j.1540-6520.2012.00544.x. Neckebrouck, J., Schulze, B., & Zellweger, T. (2017). Are family firms good employers? Academy of Management Journal. Richards, M. M., Zellweger, T., & Gond, J.-P. (2016). Maintaining moral legitimacy through worlds and words: An explanation of firms' investment in sustainability certification. Forthcoming. Zellweger, T., Nason, R. S., Nordqvist, M., & Brush, C. (2013). Why Do Family Firms Strive for Nonfinancial Goals? An Organizational Identity Perspective. Entrepreneurship Theory & Practice, 37(2), 229-248, DOI:10.1111/j.1540-6520.2011.00466.x. Zellweger, T., & Astrachan, J. H. (2008). On the Emotional Value of owning a Firm. Family Business Review, 21(4), 347-365.