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Dynastic Control Without Ownership: Evidence from Post-War Japan
Dynastic-controlled firms are led by founding-family CEOs while the family owns an insignificant share of equity (defined as less than 5%).
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.
Do Most Family Businesses Really Fail by the Third Generation?
Most articles or speeches about family businesses start with some version of the “three-generation rule,” which suggests that most don’t survive beyond three generations.
Sustainable Growth Drivers for Family Enterprises
In collaboration with the Columbia Global Center Nairobi, Kenya, Patricia M. Angus, Adjunct Professor and Managing Director, Global Family Enterprise Program, joined a panel of experts to explore how family businesses in Africa are evolving as sustainable growth drivers.
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
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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
What Can You Learn From Family Businesses?
Columbia alumni, Cheyenne Wiskerke ’13 and Alan Wasserstrom ’63, share stories of the businesses they inherited and led — and some of the lessons they learned along the way.
Sipping Success
As co-founder of Blue Nectar Tequila, Nikhil Bahadur ’12 and his father, Bn Bahadur, turned his passion for the Mexican spirit into an award-winning brand.
A Taste for Great Service
As the Ko Hospitality Group opens its first US restaurant, CEO Stan Ko ’99, talks about the family business and why he’s fiercely dedicated to the dining experience.
Five Tips for Leading a Successful Family Business
Razak Dawood ’68, chairman of Descon, a multinational, family-owned corporation based in Pakistan, offers his best advice for those entering or running their family businesses.
How to Build and Sustain a Successful, Enduring Enterprise
The HBR Family Business Handbook brings sophisticated guidance and practical advice from family business experts Josh Baron, adjunct professor, Columbia Business School, and Rob Lachenauer.
Co-President Siblings Steward a Century-old Family Business
111 years since its founding as Massachusetts Envelope Company, Ben Grossman ’06, along with his brother, David, are the 4th generation of Grossman Marketing Group. This podcast, from The Business of Family, explores legacy, leadership and life lessons.
Is it lonely at the top?
Eight studies by Professor Adam Galinsky and colleagues find a robust negative relationship between the experience of power and the experience of loneliness.
How do firms, managers and incentives match up?
This article combines unique administrative and survey data to study the match between firms and managers. The model illustrates how risk aversion and talent determine how firms select and motivate managers.