Socio-emotional wealth and successful generational transition in family business: the role of contextual factors
by Valentina Lazzarotti; Eliana Alessandra Minelli; Chiara Morelli
International Journal of Transitions and Innovation Systems (IJTIS), Vol. 6, No. 3, 2020

Abstract: This study aims to provide an innovative interpretation of the evolution of socio-emotional values and their impact on the generational transition. Based on the literature dealing with the socio-emotional wealth (SEW) theory and the evolution of SEW through the generations leading family firms (FFs), the study investigates the contextual conditions, respectively related to family and organisational factors, that interact with SEW and foster the shift to the new generation. The study investigates a sample of 15 family firms in which the generational transition has already taken place. In conclusion, the research supports the hypothesis of a link between the evolution of the young entrepreneurs' values and the successful generational transition and shows that it is not the level of the single socio-emotional component that matters, but rather the complex balance that is produced within each family business, thanks to the interaction between the role of the young entrepreneur on the one hand, and the family and organisational contexts on the other.

Online publication date: Fri, 29-May-2020

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Transitions and Innovation Systems (IJTIS):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com