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Family Firms Do Last!
The claim that most family businesses fail in the third generation is refuted in this study by Thomas Zellwegger and colleagues.
New Ideas in Family Firms
The New Ideas in Family Firms Academic – Practitioner Conference, co-hosted online with Columbia’s Global Family Enterprise Program and INSEAD’s Wendel International Centre for Family Enterprise, took place on May 7, 2021. Leading academic researchers and global practitioners discussed the role of the family enterprise in society, the meaning and potential for ESG practices, and ways that the pandemic has impacted family enterprise advisory work
Essentials for Beneficiaries
Written by adjunct professor and managing director Patricia Angus, who has more than 25 years’ experience working with families to create, administer, and benefit from trusts, the Beneficiary Primer is a “go to” resource for anyone who has been named as a beneficiary.
What motivates charitable giving to more than one organization?
People are more generous toward single than toward multiple beneficiaries, and encouraging greater giving to multiple targets is challenging.
What’s the relationship between Boards and CEO power?
In “Board Composition and CEO Power,” Professor Tim Baldenius and colleagues study the optimal composition of corporate boards.
Explore Further
What’s the relationship between Boards and CEO power?
In “Board Composition and CEO Power,” Professor Tim Baldenius and colleagues study the optimal composition of corporate boards.
What is Pyramidal Ownership?
Professor Daniel Wolfenzon and colleague provide insights into this form of family firm ownership in “A Theory of Pyramidal Ownership and Family Business Groups.”
Family or Non-family CEO?
Professor Daniel Wolfenzon and colleagues provide thought-provoking findings on family versus non-family- CEO’s of family firms in Inside the Family Firm: Families in Succession Decisions and Performance.
How is Family Firm Ownership Structured? The Case of Korean Chaebols.
Research by Professor Daniel Wolfenzon, Stefan H. Robock Professor of Finance and Economics, and colleagues examines family firm ownership structures.
4 Key Takeaways from the Sackler Family Enterprise Story
What can business-owning families learn from the Sackler story, even as the story evolves? Read more as part of our Family Enterprise in the Spotlight series.
Do employees at family firms work harder?
Daniel Wolfenzon, Stefan H. Robock Professor of Finance and Economics, Finance Division Chair, and Faculty Director, Columbia’s Global Family Enterprise Program, investigated absenteeism in family firms versus non-family firms.
How does a family constitution work?
Family constitutions can be an effective form of governance. Razak Dawood ’68, Founding Advisory Board member of Columbia’s Global Family Enterprise Program, shares how it works for his family.
How Should a Family Firm Approach an Ethical Dilemma
Family firms comprise between 70 and 90% of economic activity depending on the country or region, so the impact of family business ethics can be dramatic.
Why Do Ethics Matter for Family Firms?
Family firms comprise between 70 and 90% of economic activity depending on the country or region, so the impact of family business ethics can be dramatic.