Fall and revival of family businesses. An explanation based on socio-emotional wealth and owner-manager’s entrepreneurial sins and cognitive emotions
This research aims at observing how the owner-manager’s sins and emotions influence the pursuit of socio-emotional goals and how these goals might cause the family firm’s fall and also allows it to recover after a tough crisis. More precisely, the present paper first highlights consequences of greed and hubris, two distinctive entrepreneurial characteristics, first in terms of firm’s performance decline, and then in terms of […]