How Does Socioemotional Wealth in Business Families Contribute to Implementing Protocols? The Moderating Effect of the Generational Stage

Benjamin Sánchez; Maribel Rodríguez; Leonor M. Pérez

doi:10.24310/ejfb.15.2.2025.20264

Authors

Benjamin Sánchez Department of Business Administration, University of Cordoba, https://orcid.org/0000-0003-4849-2721
Maribel Rodríguez Department of Business Administration, University of Cordoba,
Leonor M. Pérez Department of Business Administration, University of Cordoba, https://orcid.org/0000-0002-0968-0861

DOI:

https://doi.org/10.24310/ejfb.15.2.2025.20264

Keywords:

Family firm, Socioemotional wealth, Family protocol, Team theory

Abstract

Drawing on team theory based on the input-process-outcome (IPO) perspective, this study analyses the impact of socioemotional wealth dimensions (input) on the implementation of family protocols (outcome) in business families. These protocols necessarily involve communication and decision-making processes. Specifically, the study examines the influence of family members' emotional attachment to and identification with the company through intrafamily succession on protocol implementation, considering the generational stage as a moderating factor. Based on a sample of 244 Spanish business families, the results reveal that the dimensions of socioemotional wealth contribute to the implementation of a protocol in second-generation business families.

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