Beyond Money: Wealth and Wellbeing of the Business Family

Pedro Vazquez; Giovanna Campopiano

doi:10.24310/ejfbejfb.vi.15094

Authors

Pedro Vazquez Universidad Austral, Argentina Argentina https://orcid.org/0000-0003-0534-4622
Giovanna Campopiano University of Bergamo, Italy Italy

DOI:

https://doi.org/10.24310/ejfbejfb.vi.15094

Keywords:

Business family, Family wealth, Ownership Competences, Responsible owner, Socioemotional wealth, Wellbeing

Agencies: NO

Abstract

This article offers a conceptual discussion about the relationship between wealth and wellbeing of the business family. It provides a psychological perspective on ownership that explains the effect of wealth on individual and collective dimensions relevant to business families, namely psychological ownership, socioemotional wealth, and ownership competences. The study provides an integrative framework and offers propositions that illustrate the theoretical and practical implications of the model as regards the relationship between wealth and wellbeing of the business family.

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References

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