Detecting the key role of the family in explaining corporate heritage use in family firms

Giorgia Maria D’Allura (), Fabio Quarato, Giovanni Battista Dagnino and Elisabetta Merlo
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Giorgia Maria D’Allura: University of Catania
Fabio Quarato: Bocconi University
Giovanni Battista Dagnino: University of Rome LUMSA
Elisabetta Merlo: ICRIOS, Bocconi University

Journal of Management & Governance, 2025, vol. 29, issue 3, No 2, 635-667

Abstract: Abstract This paper looks at the socioemotional wealth (SEW) priorities to reveal how family involvement in the firms affects their use of heritage as a marketing signal, thereby leading to a corporate heritage identity. Built considering the distinction between extended and restricted family’s SEW framework, we find a direct relationship between the presence of a family CEO and the use of heritage, that is moderated by the family involvement in the board and by the generational stage. Our empirical analysis employs a quantitative approach applied to a sample of medium- and large-sized firms examined over the period from 2000 to 2016.

Keywords: Socio-emotional wealth; Corporate heritage; Family CEO; Firm generation; Family involvement (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:kap:jmgtgv:v:29:y:2025:i:3:d:10.1007_s10997-024-09709-9

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DOI: 10.1007/s10997-024-09709-9

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