Socioemotional Favoritism: Evidence from Foreign Divestitures in Family Multinationals
Abstract
We theorize how family and non-family CEOs in family multinational enterprises (FMNEs) divest foreign subsidiaries. In doing so, we propose an integrative framework that supplements the socioemotional wealth perspective by introducing the notion of socioemotional favoritism. Using this framework, we hypothesize and find that family CEOs are less likely to divest than non-family CEOs by analyzing 161 Korean manufacturing FMNEs between 1998 and...
Paper Details
Title
Socioemotional Favoritism: Evidence from Foreign Divestitures in Family Multinationals
Published Date
Apr 8, 2019
Journal
Volume
40
Issue
6
Pages
917 - 940
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