Crafting a New Instrument: Development and Validation of the Family Collective Psychological Ownership Scale

Ana Lucia Caicedo-Leitón; Lucia Garcés-Galdeano; Martin Larraza-Kintana; Yeraldy Escobar-Tobar

doi:10.24310/ejfb.15.1.2025.18960

Authors

Ana Lucia Caicedo-Leitón Department of Business Administration and Institute for Advanced Research in Business and Economics (INARBE), Public University of Navarre, Spain https://orcid.org/0000-0002-7764-8513
Lucia Garcés-Galdeano Department of Business Administration and Institute for Advanced Research in Business and Economics (INARBE), Public University of Navarre, Spain https://orcid.org/0000-0002-9028-7353
Martin Larraza-Kintana Department of Business Administration and Institute for Advanced Research in Business and Economics (INARBE), Public University of Navarre, Spain https://orcid.org/0000-0001-6069-6212
Yeraldy Escobar-Tobar Enterprises consultant, Spain

DOI:

https://doi.org/10.24310/ejfb.15.1.2025.18960

Keywords:

Family Firm, Family collective psychological ownership, Family firm identification, Family firm interdependence

Abstract

This study presents the development and validation of the Family Collective Psychological Ownership Scale (FCPO-S), an innovative instrument designed to measure the shared sense of ownership that family members feel toward their business. This scale captures two critical dimensions: family firm identification and interdependence, which reflect the emotional and strategic connections of family members to the enterprise. By focusing on these socioemotional aspects, the FCPO-S underscores the unique dynamics of family firms, where collective commitment and emotional ties can serve as significant competitive advantages. This scale constitutes a valuable contribution to business research, providing significant practical implications for understanding and managing the socioemotional dynamics of family firms. 

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