Luís Gomez-Mejia, from ASU, will present "Socioemotional Wealth Theory: Origen, Evolution, and Explanatory Framework for the Behavior for the Behavior of Family Controlled Firms"

Abstract: The presentation will provide an overview of socioemotional wealth theory (SEW) which has been widely cited to explain the unique behaviors of family firms in terms of diversification, acquisitions, human resource practices, stakeholder management, environmental performance and such. It will also provide an overview of the large amount of empirical research that has been done to date. SEW is based on the Behavioral Agency Model, originally developed by Wiseman and Gomez-Mejia (1978) which has been primarily used to examine compensation issues for CEOs and top management teams.