Stommel, Evelyn; Gottschalck, Nicole; Hack, Andreas; … - In: Small Business Economics 63 (2024) 2, pp. 805-829
Drawing from prospect theory, we use an experimental study design to explore how and why reference points of managers of family and nonfamily firms differ. We contribute to research on the role of economic theories for family businesses by elaborating on decision-making mechanisms in the context...