Who cares about socioemotional wealth? SEW and rentier perspectives on the one percent wealthiest business households

Aldrich, 1981, Differentiation within the United States capitalist class: Workforce size and income differences, American Sociological Review, 46, 279, 10.2307/2095060 Alvaredo, 2013, The top 1 percent in international and historical perspective, The Journal of Economic Perspectives, 27, 3, 10.1257/jep.27.3.3 Anderson, 2009, Founders, heirs, and corporate opacity in the United States, Journal of Financial Economics, 92, 205, 10.1016/j.jfineco.2008.04.006 Barberis, 2013, Thirty years of prospect theory in economics: A review and assessment, The Journal of Economic Perspectives, 27, 173, 10.1257/jep.27.1.173 Beaverstock, 2013, Servicing the super-rich: New financial elites and the rise of the private wealth management retail ecology, Regional Studies, 47, 834, 10.1080/00343404.2011.587795 Berghoff, 2006, The end of family business? The Mittelstand and German capitalism in transition, 1949–2000, Business History Review, 80, 263, 10.1017/S0007680500035492 Berrone, 2010, Ownership structure and corporate response to institutional pressures: do family-controlled firms pollute less?, Administrative Science Quarterly, 55, 82, 10.2189/asqu.2010.55.1.82 Björklund, 2012, Intergenerational top income mobility in Sweden: Capitalist dynasties in the land of equal opportunity?, Journal of Public Economics, 96, 474, 10.1016/j.jpubeco.2012.02.003 Bricker, 2014, Changes in the U.S. Family finances from 2010 to 2013: Evidence from the Survey of Consumer Finances, Federal Reserve Bulletin, 100, 1, 10.17016/bulletin.2014.100-4 Carney, 2016, Family business and the 1%, Business and Society, 57, 1191, 10.1177/0007650316661165 Cennamo, 2012, Socioemotional wealth and proactive stakeholder engagement: Why family‐controlled firms care more about their stakeholders, Entrepreneurship Theory and Practice, 36, 1153, 10.1111/j.1540-6520.2012.00543.x Centeno, 2012, The arc of neoliberalism, Annual Review of Sociology, 38, 317, 10.1146/annurev-soc-081309-150235 Chang, 2004, Determinants of subjective and objective risk tolerance, Journal of Personal Finance, 3, 53 Chrisman, 2012, Variations in R&D investments of family and nonfamily firms: Behavioral agency and myopic loss aversion perspectives, Academy of Management Journal, 55, 976, 10.5465/amj.2011.0211 Chua, 2012, Sources of heterogeneity in family firms: An introduction, Entrepreneurship Theory and Practice, 36, 1103, 10.1111/j.1540-6520.2012.00540.x Cleary, 2018, Socioemotional wealth in family firms: A longitudinal content analysis of corporate disclosures, Journal of Family Business Strategy Cruz, 2012, Does family employment enhance MSEs performance?: Integrating socioemotional wealth and family embeddedness perspectives, Journal of Business Venturing, 27, 62, 10.1016/j.jbusvent.2010.07.002 D’Allura, 2018, The leading role of the top management team in understanding family firms: Past research and future directions, Journal of Family Business Strategy DeTienne, 2013, Exit strategies in family firms: How socioemotional wealth drives the threshold of performance, Entrepreneurship Theory and Practice, 37, 1297, 10.1111/etap.12067 DiMaggio, 2012, Network effects and social inequality, Annual review of sociology, 38, 93, 10.1146/annurev.soc.012809.102545 Duran, 2016, Doing more with less: Innovation input and output in family firms, The Academy of Management Journal, 59, 1224, 10.5465/amj.2014.0424 Epstein, 2005, The rise of rentier incomes in OECD countries: Financialization, central bank policy and labor solidarity, Financialization and the World Economy, 39, 46 Franks, 2011, The life cycle of family ownership: International evidence, The Review of Financial Studies, 25, 1675, 10.1093/rfs/hhr135 Gale, 1994, Intergenerational transfers and the accumulation of wealth, The Journal of Economic Perspectives, 8, 145, 10.1257/jep.8.4.145 Gomez-Mejia, 2010, Diversification decisions in family‐controlled firms, Journal of Management Studies, 47, 223, 10.1111/j.1467-6486.2009.00889.x Gomez-Mejia, 2001, The role of family ties in agency contracts, The Academy of Management Journal, 44, 81 Gómez-Mejía, 2011, The bind that ties: Socioemotional wealth preservation in family firms, The Academy of Management Annals, 5, 653, 10.1080/19416520.2011.593320 Gómez-Mejía, 2007, Socioemotional wealth and business risks in family-controlled firms: Evidence from Spanish olive oil mills, Administrative Science Quarterly, 52, 106, 10.2189/asqu.52.1.106 Hansen, 2014, Self-made wealth or family wealth? Changes in intergenerational wealth mobility, Social Forces, 93, 457, 10.1093/sf/sou078 Harrington, 2016 Heckman, 1979, Sample selection bias as a specification error, Econometrica: Journal of the econometric society, 47, 153, 10.2307/1912352 Jianakoplos, 1998, Are women more risk averse, Economic Inquiry, 36, 4620, 10.1111/j.1465-7295.1998.tb01740.x Johnson, 2005 Kaplan, 2013, It’s the market: The broad-based rise in the return to top talent, The Journal of Economic Perspectives, 27, 35, 10.1257/jep.27.3.35 Kaplan, 2013, Family, education, and sources of wealth among the richest Americans, 1982–2012, The American Economic Review, 103, 158, 10.1257/aer.103.3.158 Keister, 2005 Keister, 2014, The one percent, Annual Review of Sociology, 40, 347, 10.1146/annurev-soc-070513-075314 Keister, 2014, The one percent top incomes and wealth in sociological research, Social Currents, 1, 13, 10.1177/2329496513510900 Kennickell, 2008, The role of over-sampling of the wealthy in the Survey of Consumer Finances, Irving Fisher Committee Bulletin, 28, 403 Kennickell, 2011 Keynes, 1936 La Porta, 1999, Corporate ownership around the world, The Journal of Finance, 54, 471, 10.1111/0022-1082.00115 Le Breton-Miller, 2018, Beyond the firm: Business families as entrepreneurs, Entrepreneurship Theory and Practice, 42, 527, 10.1177/1042258717739004 Lester, 2006, Interorganizational familiness: How family firms use interlocking directorates to build community-level social capital, Entrepreneurship Theory and Practice, 30, 755, 10.1111/j.1540-6520.2006.00149.x Lubatkin, 2005, The effects of parental altruism on the governance of family-managed firms, Journal of Organizational Behavior, 26, 313, 10.1002/job.307 Marcus, 1980, Law in the development of dynastic families among American business elites: The domestication of capital and the capitalization of family, Law & Society Review, 14, 859, 10.2307/3053212 Marcus, 1992 Marx, K. (1984/1992). Capital: volume 1: A critique of political economy volume III. In: F. Engels: (Ed.), Marx, The collected works vol. 37. New York: Penguin. Mazumder, 2005, Fortunate sons: New estimates of intergenerational mobility in the United States using social security earnings data, The Review of Economics and Statistics, 87, 235, 10.1162/0034653053970249 Miller, 2014, Deconstructing socioemotional wealth, Entrepreneurship Theory and Practice, 38, 713, 10.1111/etap.12111 Miller, 2010, Family ownership and acquisition behavior in publicly‐traded companies, Strategic Management Journal, 31, 201 Miller, 2018, Strategic distinctiveness in family firms: Firm institutional heterogeneity and configurational multidimensionality, Journal of Family Business Strategy, 9, 16, 10.1016/j.jfbs.2018.01.004 Morck, 2003, Agency problems in large family business groups, Entrepreneurship Theory and Practice, 27, 367, 10.1111/1540-8520.t01-1-00015 Morck, 2004, Family control and the rent–seeking society, Entrepreneurship Theory and Practice, 28, 391, 10.1111/j.1540-6520.2004.00053.x Morck, 2005, Corporate governance, economic entrenchment, and growth, Journal of Economic Literature, 43, 655, 10.1257/002205105774431252 Morgan, 2014, Hooked on a feeling: The affective component of socioemotional wealth in family firms, Journal of Family Business Strategy, 5, 280, 10.1016/j.jfbs.2014.07.001 Nason, 2019, The ties that unbind: Socialization and business-owning family reference point shift, The Academy of Management Review, 10.5465/amr.2017.0289 Palmer, 2001, Challengers, elites, and owning families: A social class theory of corporate acquisitions in the 1980s, Administrative Science Quarterly, 46, 87, 10.2307/2667126 Pérez-González, 2006, Inherited control and firm performance, The American Economic Review, 96, 1559, 10.1257/aer.96.5.1559 Piketty, 2011, On the long run evolution of inheritance: France 1820-2050, The Quarterly Journal of Economics, 126, 1071, 10.1093/qje/qjr020 Piketty, 2014 Piketty, 2015, About capital in the twenty-first century, The American Economic Review, 105, 48, 10.1257/aer.p20151060 Piketty, 2014, Capital is back: Wealth-income ratios in rich countries 1700–2010, The Quarterly Journal of Economics, 129, 1255, 10.1093/qje/qju018 Puri, 2007, Optimism and economic choice, Journal of Financial Economics, 86, 71, 10.1016/j.jfineco.2006.09.003 Quadrini, 1999, The importance of entrepreneurship for wealth concentration and mobility, The Review of Income and Wealth, 45, 1, 10.1111/j.1475-4991.1999.tb00309.x Ruef, 2011, Does capitalism produce an entrepreneurial class?, Research in Organizational Behavior, 31, 225, 10.1016/j.riob.2011.09.006 Saez, 2015 Saez, 2014 Schooley, 1996, Risk aversion measures: Comparing attitudes and asset allocation, Financial Services Review, 5, 87, 10.1016/S1057-0810(96)90003-7 Schulze, 2015, Reifying socioemotional wealth, Entrepreneurship Theory and Practice, 39, 447, 10.1111/etap.12159 Schulze, 2001, Agency relationships in family firms: Theory and evidence, Organization Science, 12, 99, 10.1287/orsc.12.2.99.10114 Sciascia, 2003, Family ownership and R&D Iitensity in small‐and medium‐sized firms, The Journal of Product Innovation Management, 32, 349, 10.1111/jpim.12204 Sklair, 2012 Steier, 2009, Where do new firms come from? Households, family capital, ethnicity, and the welfare mix, Family Business Review, 22, 273, 10.1177/0894486509336658 Steier, 2015, Governance challenges in family businesses and business families, Entrepreneurship Theory and Practice, 39, 1265, 10.1111/etap.12180 Strike, 2016, Mediated sensemaking, The Academy of Management Journal, 59, 880, 10.5465/amj.2012.0665 Survey of Consumer Finances, 2013 Verbeke, 2012, The transaction cost economics theory of the family firm: Family‐based human asset specificity and the bifurcation bias, Entrepreneurship Theory and Practice, 36, 1183, 10.1111/j.1540-6520.2012.00545.x Vidal, 2015, When organization studies turns to societal problems: The contribution of Marxist Grand Theory, Organization Studies, 36, 405, 10.1177/0170840615575948 Villalonga, 2006, How do family ownership, control and management affect firm value?, Journal of Financial Economics, 80, 385, 10.1016/j.jfineco.2004.12.005 Wessel, 2014, One size does not fit all: Entrepreneurial families’ reliance on family offices, European Management Journal, 32, 37, 10.1016/j.emj.2013.08.003 Wiseman, 1998, A behavioral agency model of managerial risk taking, The Academy of Management Review, 23, 133, 10.5465/amr.1998.192967 Wolff, 2013, Class structure and economic inequality, Cambridge Journal of Economics, 37, 1381, 10.1093/cje/bet026 Xiao, 2001, Attitude toward risk and risk-taking behavior of business‐owning families, The Journal of Consumer Affairs, 35, 307, 10.1111/j.1745-6606.2001.tb00116.x Yavorsky, 2019, Women in the one percent: Gender dynamics in top income positions, American Sociological Review, 84, 54, 10.1177/0003122418820702 Zeitlin, 1974, Corporate ownership and control: The large corporation and the capitalist class, The American Journal of Sociology, 79, 1073, 10.1086/225672 Zellweger, 2015, Family, wealth, and governance: An agency account, Entrepreneurship Theory and Practice, 39, 1281, 10.1111/etap.12182