Strategic Management in Family Firms

Family firms often strive not only for increasing financial performance. Beyond the financial aspects, also non-financial socioemotional criteria play a role in their decision-making process. 

Our research in the area of strategic management in family firms comprises the following aspects:

• Socioemotional Wealth and Emotional Value in Family Firms
• Mergers & Acquisitions in Family Firms
• Divestment Activity of Family Firms
• Institutional Complexity in Family Firms
• Corporate Social Responsibility

Selected Publications

Banalieva, E., Eddleston, K. H.,Zellweger, T. (2014). When do family firms have an advantage in transitioning economies? Toward a dynamic institution-based view. In: Strategic Management Journal, 36 (9), 1358-1377, DOI:10.1002/smj.2288.

Foss, NJ, Klein, PG, Lien, LB, Zellweger, T, Zenger, T (2020). Ownership competence. Strategic Management Journal; 1– 27.

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. In: Journal of Management, Forthcoming, DOI: 10.1177/0149206315614375.

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. (2018). Are family firms good employers? In: Academy of Management Journal. 61(2), 553-585, DOI.10.5465/amj.2016.0765

Richards, M. M., Zellweger, T.M., & Gond, J.-P. (2016). Maintaining moral legitimacy through worlds and words: An explanation of firms' investment in sustainability certification. In: Journal of Management Studies, 54 (5), 676-710, DOI: 10.1111/joms.12249.

Rousseau, M. B.,Kellermanns, F. W.,Zellweger, T. &Beck, T. (2019).Relationship Conflict, Family Name Congruence, and Socioemotional Wealth in Family Firms.In: Family Business Review, ISSN 0894-4865

Zellweger, T., Chrisman, J., Chua, J. & Steier, L. (2019). Social structures, social relationships, and family firms. In: Entrepreneurship theory and practice: 43 (2), 207-223, DOI10.1111/j.1540-6520.2009.00338.x 

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.