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dc.contributor.authorMartínez Romero, María José 
dc.contributor.authorRojo Ramírez, Alfonso Andrés 
dc.contributor.authorCasado Belmonte, María Del Pilar 
dc.date.accessioned2023-12-21T13:04:11Z
dc.date.available2023-12-21T13:04:11Z
dc.date.issued2019
dc.identifier.citationMartínez-Romero, M. J., Rojo-Ramírez, A. A., & Casado-Belmonte, M. P. (2020). Value creation in privately held family businesses: the moderating role of socioemotional wealth. Canadian Journal of Administrative Sciences, 37(3), 283–299.es_ES
dc.identifier.urihttp://hdl.handle.net/10835/14888
dc.description.abstractThis article examines value creation (VC) in the context of privately held family businesses using a value‐based management approach. Namely, this paper assesses the influence of five value drivers (operating profit margin, sales growth, income tax rate, investment rate, and leverage) on the VC of family firms, considering the moderating effect of socioemotional wealth (SEW). Evidence from a sample of 188 Spanish family firms indicates a positive moderating effect of SEW on the relationship between operating profit margin, sales growth, and investment rate, and VC, leading to increases in the value of firms. The results emphasize that the importance of SEW and its variations imply heterogeneous strategic behaviours among family firms, and that economic and emotional goals might be compatible.es_ES
dc.language.isoenes_ES
dc.publisherWileyes_ES
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internacional*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectprivately held family businesseses_ES
dc.subjectsocioemotional wealthes_ES
dc.subjectvalue creationes_ES
dc.subjectvalue driverses_ES
dc.subjectvalue-based managementes_ES
dc.titleValue creation in privately held family businesses: The moderating role of socioemotional wealth.es_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.relation.publisherversionhttps://onlinelibrary.wiley.com/doi/10.1002/cjas.1540es_ES
dc.rights.accessRightsinfo:eu-repo/semantics/openAccesses_ES
dc.identifier.doidoi.org/10.1002/cjas.1540


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