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17-02-2021

Influence of family-centered goals on dividend policy in family firms: A socioemotional wealth approach

Authors: María Belda-Ruiz, Gregorio Sánchez-Marín, J. Samuel Baixauli-Soler

Published in: International Entrepreneurship and Management Journal | Issue 4/2022

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Abstract

The study investigates how socioemotional wealth (SEW) influences dividend policy in private family firms, focusing on Spanish medium-sized enterprises. It examines the role of family involvement in management, generational stages, and firm hazard as moderators. The authors argue that SEW preservation negatively impacts dividend payouts, with stronger effects in earlier generational stages and high-risk situations. The research contributes to the literature by offering a comprehensive understanding of dividend policy in family firms, considering both economic and non-economic factors.

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Metadata
Title
Influence of family-centered goals on dividend policy in family firms: A socioemotional wealth approach
Authors
María Belda-Ruiz
Gregorio Sánchez-Marín
J. Samuel Baixauli-Soler
Publication date
17-02-2021
Publisher
Springer US
Published in
International Entrepreneurship and Management Journal / Issue 4/2022
Print ISSN: 1554-7191
Electronic ISSN: 1555-1938
DOI
https://doi.org/10.1007/s11365-021-00741-x

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