A model of psychological ownership in next-generation members of family-owned firms: A qualitative study

Lucia Ceja () and Josep Tapies
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Lucia Ceja: IESE Business School, Postal: Research Division, Av Pearson 21, 08034 Barcelona, SPAIN
Josep Tapies: IESE Business School, Postal: Research Division, Av Pearson 21, 08034 Barcelona, SPAIN

No D/929, IESE Research Papers from IESE Business School

Abstract: The present research study is intended to provide further insights into the psychological ownership experienced by next-generation members in relation to their family firms. As this is still a very young area of research, explorative research is needed. Therefore, a mixed-methods qualitative investigation, using a sample of 20 next-generation members of family-owned firms of different sizes, generational stages and business sectors, was performed. Through interpretative phenomenological and ethnographic analyses, the origin, transmission and manifestations of psychological ownership towards the family business were studied. The study also explored the factors that foster or undermine the development of a healthy and fulfilling relationship between next-generation members and the family business. Our findings suggest that next-generation members generally experience strong levels of psychological ownership. The development of positive psychological ownership is associated with factors including shared experiences, well-functioning governance bodies, structured and planned entry to the business, psychological empowerment, and share ownership, among others.

Keywords: next generation; psychological ownership; family-owned firms; qualitative research (search for similar items in EconPapers)
Pages: 23 pages
Date: 2011-07-01
New Economics Papers: this item is included in nep-bec, nep-cbe and nep-hme
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Persistent link: https://EconPapers.repec.org/RePEc:ebg:iesewp:d-0929

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