Gender Difference in Socioemotional Wealth and Dynamic Capabilities in Family Businesses in Emerging Market

Salvador Pancorbo

doi:doi:10.11648/j.sjbm.20251303.14

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Gender Difference in Socioemotional Wealth and Dynamic Capabilities in Family Businesses in Emerging Market

Salvador Pancorbo^*

Published in Science Journal of Business and Management (Volume 13, Issue 3)

Received: 6 July 2025 Accepted: 18 July 2025 Published: 11 August 2025

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Abstract

Family businesses make up an important part of global economic activity, operating under a single logic, driven not only by financial performance, but also by the preservation of socioemotional wealth (SEW). Parallel to this, academic attention has grown around gender in leadership, particularly the ways in which female leadership aligns with the affective and relational values emphasized by SEW. However, research remains limited on how gender differentially influences SEW configurations and dynamic capacity building, especially in emerging markets, where cultural and institutional variables can produce distinct organizational dynamics. This study addresses this research gap by empirically examining gender-based differences in SEW dimensions and strategic capabilities among family business leaders in the Dominican Republic. Among the results it is revealed that, while most gender-based differences are not statistically significant, a notable divergence emerges in the dimension of generational succession, where male leaders exhibit higher levels of orientation towards dynastic continuity. The findings suggest that both men and women exhibit comparable levels of SEW and strategic capabilities overall, however, nuanced variations point to the persistence of traditional gender roles in succession planning. In addition, women demonstrate slightly higher means in skills related to marketing and innovation, reflecting contemporary literature that highlights the strategic value of the socioemotional competencies most prevalent in female leadership styles. By integrating gender theory with SEW frameworks and dynamic capabilities, this study offers a novel contribution to family business literature. It invites us to delve into the moderating role of gender in emotionally driven organizational environments and highlights the potential competitive advantage of inclusive leadership models that align with the emotional fabric of family businesses.

Published in	Science Journal of Business and Management (Volume 13, Issue 3)
DOI	10.11648/j.sjbm.20251303.14
Page(s)	203-208
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2025. Published by Science Publishing Group

Keywords

Socioemotional Wealth, Dynamic Capabilities, Family Businesses, Gender, Emerging Economies

References

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[2]	Berrone, P., Cruz, C., & Gómez-Mejía, L. R. (2012). Socioemotional wealth in family firms: Theoretical dimensions, assessment approaches, and agenda for future research. Family Business Review, 25(3), 258-279.
[3]	De Massis, A., Frattini, F., Kotlar, J., Messeni, A., & Wright, M. (2016). Innovation Through Tradition: Lessons from Innovation Family Businesses and Directions for Future Research. Academy of Management Perspectives, 93-116.
[4]	Deloitte. (2021). Women in the Boardroom: A Global Perspective. https://www2.deloitte.com/
[5]	Eagly, A. H., & Carli, L. L. (2003). The female leadership advantage: An evaluation of the evidence. Leadership Quarterly, 14(6), 807-834.
[6]	Eagly, A. H., & Wood, W. (2012). Social Role Theory. In P. A. M. Van Lange, A. W. Kruglanski, & E. T. Higgins (Eds.), Handbook of Theories in Social Psychology (Vol. 2, pp. 458-476). SAGE.
[7]	Filser, M., De Massis, A., Gast, J., Kraus, S., & Niemand, T. (2017). Tracing the roots of innovativeness in family SMEs: The effect of family functionality and socioemotional wealth. Journal of Product Innovation Management, 35(4), 609-628.
[8]	Gómez-Mejía, L. R., Haynes, K. T., Núñez-Nickel, M., Jacobson, K. J. L., & Moyano-Fuentes, J. (2007). Socioemotional wealth and business risks in family-controlled firms: Evidence from Spanish olive oil mills. Administrative Science Quarterly, 52(1), 106-137.
[9]	Hales, R., & Birdthistle, N. (2024). The Sustainable Development Goal - SDG#3 Good Health and Well-Being. Emerald Publishing Limited., 1-12.
[10]	Hauck, J., Suess-Reyes, J., Beck, S., Prügl, R., & Frank, H. (2016). Measuring socioemotional wealth in family-owned and -managed firms: A validation of the FIBER scale. Journal of Family Business Strategy, 7(3), 133-148.
[11]	Hernández-Perlines, F., Araya-Castillo, L., & Castro-Muño, M. (2025). Dynamic capabilities, preservation of socioemotional wealth, and family firm performance. Journal of Innovation & Knowledge, 1-12.
[12]	Miller, D., & Le Breton-Miller, I. (2014). Deconstructing socioemotional wealth. Entrepreneurship Theory and Practice, 38(4), 713-720.
[13]	Poletti-Hughes, J., & Williams, J. (2019). The effect of family control on value and risk-taking in Mexico: A socioemotional wealth approach. International Review of Financial Analysis, 63, 369-381.
[14]	Teece, D. (2018). Business models and dynamic capabilities. Long Range Planning, 40-49.
[15]	Soluk, J., Miroshnychenko, I., Kammerlander, N., & De Massis, A. (2021). Family Influence and Digital Business Model Innovation: The Enabling Role of Dynamic Capabilities. Entrepreneurship Theory and Practice, 867-905.
[16]	Umans, I., & Lybaert, N. (2023). CEO gender and family business performance: The moderating role of socioemotional wealth. Proceedings of the 7th International Conference on Gender Research.
[17]	Wu, J. (2018). The theoretical framework and application frontier of socioemotional wealth theory: A literature review from the perspective of family firm. Modern Economy, 9, 190-202. https://doi.org/10.4236/me.2018.91012
[18]	Zahra, S. A. (2005). Entrepreneurial risk taking in family firms. Family Business Review, 18(1), 23-40.

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Pancorbo, S. (2025). Gender Difference in Socioemotional Wealth and Dynamic Capabilities in Family Businesses in Emerging Market. Science Journal of Business and Management, 13(3), 203-208. https://doi.org/10.11648/j.sjbm.20251303.14

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ACS Style

Pancorbo, S. Gender Difference in Socioemotional Wealth and Dynamic Capabilities in Family Businesses in Emerging Market. Sci. J. Bus. Manag. 2025, 13(3), 203-208. doi: 10.11648/j.sjbm.20251303.14

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AMA Style

Pancorbo S. Gender Difference in Socioemotional Wealth and Dynamic Capabilities in Family Businesses in Emerging Market. Sci J Bus Manag. 2025;13(3):203-208. doi: 10.11648/j.sjbm.20251303.14

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@article{10.11648/j.sjbm.20251303.14,
  author = {Salvador Pancorbo},
  title = {Gender Difference in Socioemotional Wealth and Dynamic Capabilities in Family Businesses in Emerging Market
},
  journal = {Science Journal of Business and Management},
  volume = {13},
  number = {3},
  pages = {203-208},
  doi = {10.11648/j.sjbm.20251303.14},
  url = {https://doi.org/10.11648/j.sjbm.20251303.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.20251303.14},
  abstract = {Family businesses make up an important part of global economic activity, operating under a single logic, driven not only by financial performance, but also by the preservation of socioemotional wealth (SEW). Parallel to this, academic attention has grown around gender in leadership, particularly the ways in which female leadership aligns with the affective and relational values emphasized by SEW. However, research remains limited on how gender differentially influences SEW configurations and dynamic capacity building, especially in emerging markets, where cultural and institutional variables can produce distinct organizational dynamics. This study addresses this research gap by empirically examining gender-based differences in SEW dimensions and strategic capabilities among family business leaders in the Dominican Republic. Among the results it is revealed that, while most gender-based differences are not statistically significant, a notable divergence emerges in the dimension of generational succession, where male leaders exhibit higher levels of orientation towards dynastic continuity. The findings suggest that both men and women exhibit comparable levels of SEW and strategic capabilities overall, however, nuanced variations point to the persistence of traditional gender roles in succession planning. In addition, women demonstrate slightly higher means in skills related to marketing and innovation, reflecting contemporary literature that highlights the strategic value of the socioemotional competencies most prevalent in female leadership styles. By integrating gender theory with SEW frameworks and dynamic capabilities, this study offers a novel contribution to family business literature. It invites us to delve into the moderating role of gender in emotionally driven organizational environments and highlights the potential competitive advantage of inclusive leadership models that align with the emotional fabric of family businesses.},
 year = {2025}
}

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TY  - JOUR
T1  - Gender Difference in Socioemotional Wealth and Dynamic Capabilities in Family Businesses in Emerging Market

AU  - Salvador Pancorbo
Y1  - 2025/08/11
PY  - 2025
N1  - https://doi.org/10.11648/j.sjbm.20251303.14
DO  - 10.11648/j.sjbm.20251303.14
T2  - Science Journal of Business and Management
JF  - Science Journal of Business and Management
JO  - Science Journal of Business and Management
SP  - 203
EP  - 208
PB  - Science Publishing Group
SN  - 2331-0634
UR  - https://doi.org/10.11648/j.sjbm.20251303.14
AB  - Family businesses make up an important part of global economic activity, operating under a single logic, driven not only by financial performance, but also by the preservation of socioemotional wealth (SEW). Parallel to this, academic attention has grown around gender in leadership, particularly the ways in which female leadership aligns with the affective and relational values emphasized by SEW. However, research remains limited on how gender differentially influences SEW configurations and dynamic capacity building, especially in emerging markets, where cultural and institutional variables can produce distinct organizational dynamics. This study addresses this research gap by empirically examining gender-based differences in SEW dimensions and strategic capabilities among family business leaders in the Dominican Republic. Among the results it is revealed that, while most gender-based differences are not statistically significant, a notable divergence emerges in the dimension of generational succession, where male leaders exhibit higher levels of orientation towards dynastic continuity. The findings suggest that both men and women exhibit comparable levels of SEW and strategic capabilities overall, however, nuanced variations point to the persistence of traditional gender roles in succession planning. In addition, women demonstrate slightly higher means in skills related to marketing and innovation, reflecting contemporary literature that highlights the strategic value of the socioemotional competencies most prevalent in female leadership styles. By integrating gender theory with SEW frameworks and dynamic capabilities, this study offers a novel contribution to family business literature. It invites us to delve into the moderating role of gender in emotionally driven organizational environments and highlights the potential competitive advantage of inclusive leadership models that align with the emotional fabric of family businesses.
VL  - 13
IS  - 3
ER  -

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Author Information

Salvador Pancorbo

Business School, APEC University, Santo Domingo, Dominican Republic

Contact Email

http://orcid.org/0009-0000-6812-8260

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APA Style

Pancorbo, S. (2025). Gender Difference in Socioemotional Wealth and Dynamic Capabilities in Family Businesses in Emerging Market. Science Journal of Business and Management, 13(3), 203-208. https://doi.org/10.11648/j.sjbm.20251303.14

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ACS Style

Pancorbo, S. Gender Difference in Socioemotional Wealth and Dynamic Capabilities in Family Businesses in Emerging Market. Sci. J. Bus. Manag. 2025, 13(3), 203-208. doi: 10.11648/j.sjbm.20251303.14

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AMA Style

Pancorbo S. Gender Difference in Socioemotional Wealth and Dynamic Capabilities in Family Businesses in Emerging Market. Sci J Bus Manag. 2025;13(3):203-208. doi: 10.11648/j.sjbm.20251303.14

Copy | Download

@article{10.11648/j.sjbm.20251303.14,
  author = {Salvador Pancorbo},
  title = {Gender Difference in Socioemotional Wealth and Dynamic Capabilities in Family Businesses in Emerging Market
},
  journal = {Science Journal of Business and Management},
  volume = {13},
  number = {3},
  pages = {203-208},
  doi = {10.11648/j.sjbm.20251303.14},
  url = {https://doi.org/10.11648/j.sjbm.20251303.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.20251303.14},
  abstract = {Family businesses make up an important part of global economic activity, operating under a single logic, driven not only by financial performance, but also by the preservation of socioemotional wealth (SEW). Parallel to this, academic attention has grown around gender in leadership, particularly the ways in which female leadership aligns with the affective and relational values emphasized by SEW. However, research remains limited on how gender differentially influences SEW configurations and dynamic capacity building, especially in emerging markets, where cultural and institutional variables can produce distinct organizational dynamics. This study addresses this research gap by empirically examining gender-based differences in SEW dimensions and strategic capabilities among family business leaders in the Dominican Republic. Among the results it is revealed that, while most gender-based differences are not statistically significant, a notable divergence emerges in the dimension of generational succession, where male leaders exhibit higher levels of orientation towards dynastic continuity. The findings suggest that both men and women exhibit comparable levels of SEW and strategic capabilities overall, however, nuanced variations point to the persistence of traditional gender roles in succession planning. In addition, women demonstrate slightly higher means in skills related to marketing and innovation, reflecting contemporary literature that highlights the strategic value of the socioemotional competencies most prevalent in female leadership styles. By integrating gender theory with SEW frameworks and dynamic capabilities, this study offers a novel contribution to family business literature. It invites us to delve into the moderating role of gender in emotionally driven organizational environments and highlights the potential competitive advantage of inclusive leadership models that align with the emotional fabric of family businesses.},
 year = {2025}
}

Copy | Download

TY  - JOUR
T1  - Gender Difference in Socioemotional Wealth and Dynamic Capabilities in Family Businesses in Emerging Market

AU  - Salvador Pancorbo
Y1  - 2025/08/11
PY  - 2025
N1  - https://doi.org/10.11648/j.sjbm.20251303.14
DO  - 10.11648/j.sjbm.20251303.14
T2  - Science Journal of Business and Management
JF  - Science Journal of Business and Management
JO  - Science Journal of Business and Management
SP  - 203
EP  - 208
PB  - Science Publishing Group
SN  - 2331-0634
UR  - https://doi.org/10.11648/j.sjbm.20251303.14
AB  - Family businesses make up an important part of global economic activity, operating under a single logic, driven not only by financial performance, but also by the preservation of socioemotional wealth (SEW). Parallel to this, academic attention has grown around gender in leadership, particularly the ways in which female leadership aligns with the affective and relational values emphasized by SEW. However, research remains limited on how gender differentially influences SEW configurations and dynamic capacity building, especially in emerging markets, where cultural and institutional variables can produce distinct organizational dynamics. This study addresses this research gap by empirically examining gender-based differences in SEW dimensions and strategic capabilities among family business leaders in the Dominican Republic. Among the results it is revealed that, while most gender-based differences are not statistically significant, a notable divergence emerges in the dimension of generational succession, where male leaders exhibit higher levels of orientation towards dynastic continuity. The findings suggest that both men and women exhibit comparable levels of SEW and strategic capabilities overall, however, nuanced variations point to the persistence of traditional gender roles in succession planning. In addition, women demonstrate slightly higher means in skills related to marketing and innovation, reflecting contemporary literature that highlights the strategic value of the socioemotional competencies most prevalent in female leadership styles. By integrating gender theory with SEW frameworks and dynamic capabilities, this study offers a novel contribution to family business literature. It invites us to delve into the moderating role of gender in emotionally driven organizational environments and highlights the potential competitive advantage of inclusive leadership models that align with the emotional fabric of family businesses.
VL  - 13
IS  - 3
ER  -

Copy | Download