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• W4214515038 endingPage "104225872110574" @default.
• W4214515038 startingPage "104225872110574" @default.
• W4214515038 abstract "A firm’s proactive engagement in risk, which has been deeply intertwined with the entrepreneurship literature, is essential to sustaining a firm’s long-term competitive advantage. Drawing on BAM’s mixed gamble logic in a family firm context, the present study offers a theoretical framework examining how firm risk returns differ in the contexts of distressed (the worst) and nondistressed (the best) family and nonfamily firms. We predict that family control moderates the risk taking-performance relationship. That is, compared with nonfamily firms, a mixed gamble featuring the prospect of socioemotional and financial losses leads family firms to extract higher financial returns from risk taking when in financial distress, but lower financial returns when they are not in financial distress. Our theoretical expectations are supported using a matched sample of Swedish firms." @default.
• W4214515038 created "2022-03-02" @default.
• W4214515038 creator A5021770473 @default.
• W4214515038 creator A5067640504 @default.
• W4214515038 creator A5077827203 @default.
• W4214515038 creator A5081433107 @default.
• W4214515038 date "2022-02-26" @default.
• W4214515038 modified "2023-10-17" @default.
• W4214515038 title "<i>Best</i><i>Among the Worst</i>or<i>Worst Among the Best</i>? Socioemotional Wealth and Risk-Performance Returns for Family and Non-family Firms Under Financial Distress" @default.
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