Dynamic capabilities, preservation of socioemotional wealth, and family firm performance

This study examines the performance of family businesses through the theoretical lenses of dynamic capabilities and socioemotional wealth. A conceptual model is proposed, in which socioemotional wealth moderates the relationship between dynamic capabilities and family firm performance. The research...

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Authors: Hernández Perlines, Felipe, Araya Castillo, Luis, Castro Nuño, Mercedes
Format: article
Status:Published version
Publication Date:2025
Country:España
Institution:Universidad de Sevilla (US)
Repository:idUS. Depósito de Investigación de la Universidad de Sevilla
OAI Identifier:oai:idus.us.es:11441/169290
Online Access:https://hdl.handle.net/11441/169290
https://doi.org/10.1016/j.jik.2025.100667
Access Level:Open access
Keyword:Family firms
Dynamic capabilities
Socioemotional wealth
Performance
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spelling Dynamic capabilities, preservation of socioemotional wealth, and family firm performanceHernández Perlines, FelipeAraya Castillo, LuisCastro Nuño, MercedesFamily firmsDynamic capabilitiesSocioemotional wealthPerformanceThis study examines the performance of family businesses through the theoretical lenses of dynamic capabilities and socioemotional wealth. A conceptual model is proposed, in which socioemotional wealth moderates the relationship between dynamic capabilities and family firm performance. The research employs partial least squares structural equation modeling (PLS-SEM), a second-generation multivariate analysis technique, to analyze data and test hypotheses. The findings reveal that dynamic capabilities positively influence family firm performance, with innovation emerging as the most impactful dynamic capability. Additionally, socioemotional wealth not only directly enhances performance but also acts as a moderator, strengthening the relationship between dynamic capabilities and performance. This study makes two key contributions. First, it advances the understanding of how dynamic capabilities and socioemotional wealth shape family firm performance. Second, it underscores the pivotal role of socioemotional wealth in amplifying the effects of dynamic capabilities on performance. These insights have significant practical implications for family firms, emphasizing the importance of strategically managing both dynamic capabilities and socioemotional wealth to drive performance and ensure long-term sustainabilityElsevier EspañaAnálisis Económico y Economía Política2025info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttps://hdl.handle.net/11441/169290https://doi.org/10.1016/j.jik.2025.100667reponame:idUS. Depósito de Investigación de la Universidad de Sevillainstname:Universidad de Sevilla (US)InglésJournal of Innovation & Knowledge, 10 (2), 100667.https://doi.org/10.1016/j.jik.2025.100667info:eu-repo/semantics/openAccessoai:idus.us.es:11441/1692902026-06-17T12:51:07Z
dc.title.none.fl_str_mv Dynamic capabilities, preservation of socioemotional wealth, and family firm performance
title Dynamic capabilities, preservation of socioemotional wealth, and family firm performance
spellingShingle Dynamic capabilities, preservation of socioemotional wealth, and family firm performance
Hernández Perlines, Felipe
Family firms
Dynamic capabilities
Socioemotional wealth
Performance
title_short Dynamic capabilities, preservation of socioemotional wealth, and family firm performance
title_full Dynamic capabilities, preservation of socioemotional wealth, and family firm performance
title_fullStr Dynamic capabilities, preservation of socioemotional wealth, and family firm performance
title_full_unstemmed Dynamic capabilities, preservation of socioemotional wealth, and family firm performance
title_sort Dynamic capabilities, preservation of socioemotional wealth, and family firm performance
dc.creator.none.fl_str_mv Hernández Perlines, Felipe
Araya Castillo, Luis
Castro Nuño, Mercedes
author Hernández Perlines, Felipe
author_facet Hernández Perlines, Felipe
Araya Castillo, Luis
Castro Nuño, Mercedes
author_role author
author2 Araya Castillo, Luis
Castro Nuño, Mercedes
author2_role author
author
dc.contributor.none.fl_str_mv Análisis Económico y Economía Política
dc.subject.none.fl_str_mv Family firms
Dynamic capabilities
Socioemotional wealth
Performance
topic Family firms
Dynamic capabilities
Socioemotional wealth
Performance
description This study examines the performance of family businesses through the theoretical lenses of dynamic capabilities and socioemotional wealth. A conceptual model is proposed, in which socioemotional wealth moderates the relationship between dynamic capabilities and family firm performance. The research employs partial least squares structural equation modeling (PLS-SEM), a second-generation multivariate analysis technique, to analyze data and test hypotheses. The findings reveal that dynamic capabilities positively influence family firm performance, with innovation emerging as the most impactful dynamic capability. Additionally, socioemotional wealth not only directly enhances performance but also acts as a moderator, strengthening the relationship between dynamic capabilities and performance. This study makes two key contributions. First, it advances the understanding of how dynamic capabilities and socioemotional wealth shape family firm performance. Second, it underscores the pivotal role of socioemotional wealth in amplifying the effects of dynamic capabilities on performance. These insights have significant practical implications for family firms, emphasizing the importance of strategically managing both dynamic capabilities and socioemotional wealth to drive performance and ensure long-term sustainability
publishDate 2025
dc.date.none.fl_str_mv 2025
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/11441/169290
https://doi.org/10.1016/j.jik.2025.100667
url https://hdl.handle.net/11441/169290
https://doi.org/10.1016/j.jik.2025.100667
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Journal of Innovation & Knowledge, 10 (2), 100667.
https://doi.org/10.1016/j.jik.2025.100667
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Elsevier España
publisher.none.fl_str_mv Elsevier España
dc.source.none.fl_str_mv reponame:idUS. Depósito de Investigación de la Universidad de Sevilla
instname:Universidad de Sevilla (US)
instname_str Universidad de Sevilla (US)
reponame_str idUS. Depósito de Investigación de la Universidad de Sevilla
collection idUS. Depósito de Investigación de la Universidad de Sevilla
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15.198674

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