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How socioemotional wealth transfer is experienced in family firm succession and which mechanisms ensure credible transfer

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Detalhes bibliográficos
Resumo:Succession in family firms requires more than simply transferring ownership. It hinges on credibly passing on socioemotional wealth (SEW), including passion, identity, and informal values. This thesis examines gaps between what families intend to transfer, what they actually do, and how the next generation (NextGen) perceives these actions. Based on paired interviews with senior (SG) and NextGen leaders, the study identifies concrete mechanisms and conditions that make SEW transfer effective. The resulting succession framework shows how family firms can preserve their identity while enabling renewal. Thus, positioning tradition not as a constraint but as a driver of innovation.
Autores principais:Hohlfeld, Lisa
Assunto:Socioemotional wealth Family business succession Transfer mechanisms Legitimacy and continuity Intended- enacted-perceived transfer
Ano:2026
País:Portugal
Tipo de documento:dissertação de mestrado
Tipo de acesso:acesso embargado
Instituição associada:Universidade Nova de Lisboa
Idioma:inglês
Origem:Repositório Institucional da UNL
Descrição
Resumo:Succession in family firms requires more than simply transferring ownership. It hinges on credibly passing on socioemotional wealth (SEW), including passion, identity, and informal values. This thesis examines gaps between what families intend to transfer, what they actually do, and how the next generation (NextGen) perceives these actions. Based on paired interviews with senior (SG) and NextGen leaders, the study identifies concrete mechanisms and conditions that make SEW transfer effective. The resulting succession framework shows how family firms can preserve their identity while enabling renewal. Thus, positioning tradition not as a constraint but as a driver of innovation.