Psychological ownership in family businesses: an approach from the family shareholder

Abstract

The purpose of this project is to understand the role of family dynamics in the development of psychological ownership in family shareholders from an exploratory and qualitative approach. The sample consisted of 19 family shareholders from Finland and Colombia. The results show that family dynamics allow us to create opportunities to: a) align expectations of family members with the enterprise, b) allow better communication between family members, c) consolidate values that allow building points of view in common and, d) promote identification with the enterprise. These opportunities promote the intention that family shareholders have to exercise control over the enterprise, invest more time in it and, therefore, obtain a better knowledge of the enterprise. Differences and similarities between Colombian and Finnish shareholders were found.

Authors

  • Diógenes Lagos INALDE Business School - Universidad de La Sabana

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References

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Published
2021-02-13
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How to Cite
Lagos, D. (2021). Psychological ownership in family businesses: an approach from the family shareholder. Cuadernos De Administración, 36(68), 138-151. https://doi.org/10.25100/cdea.v36i68.9786
Section
Research