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Family, Research Findings
Legacy: A Reflection on the Year and a Vision for the Future
As we close another year, the concept of legacy invites us to pause and reflect on the enduring impact of our actions and choices. Legacy, as explored in family enterprises, goes beyond financial inheritance. It encompasses values, decisions, and the footprints we leave for those who follow. This month, we consider legacy not just as a gift we bestow but as a lens through which we view our past, present, and future.Read "Legacy: The Meaning of Lasting Impact for Family, Business, and Beyond"Read "Leaving a Legacy: Intergenerational Allocations of Benefits and Burdens”
Family, Research Findings
Thanksgiving and Beyond: The Science of Gratitude in Family Enterprises
November, the month of giving thanks, inspired us to review the latest interdisciplinary research on the role of gratitude in families. Over time, multiple studies have shown that gratitude practices not only strengthen emotional bonds but also build resilience within families, enabling them to navigate challenges and adapt to change more effectively.Among the most recent articles on the topics, evidence highlights how gratitude improves individual well-being and enhances family dynamics and functioning. Read "Gratitude Improves Parents' Well-Being and Family Functioning"
Practitioner Perspectives, Research Findings
New Ideas in Family Firms: 2023 Academic-Practitioner Conference Recap
The New Ideas in Family Firms Conference is an invitation-only thought leadership platform that was launched in 2018 to bring together a small group of the world’s leading academic researchers and practitioners to discuss the latest ideas in family enterprise research and advisory work.
Leadership and Strategy, Ownership, Research Findings, Strategy
Can you understand family-owned business without the emotions?
How do emotions impact decision-making in your family enterprise? Fabian Bernhard, Associate Professor of Management, EDHEC Business School, explains.
Practitioner Perspectives, Research Findings
2022 Conference Recap: Academic Presentation with Professor Rita McGrath
CBS Professor Rita McGrath shared her expertise on innovation in times of uncertainty. Her latest book, Seeing Around Corners: How to Spot Inflection Points in Business Before They Happen, explores how to harness disruptive influences early for a strategic advantage.
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Family, Leadership, Ownership, Research Findings
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, Governance, Ownership, Research Findings
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.
Leadership, Ownership, Practitioner Perspectives, Research Findings
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.
Finance, Research Findings
Is there a correlation between interest rates and wealth inequality?
Columbia’s Earle W. Kazis and Benjamin Schore Professor of Real Estate, Stijn G. Van Nieuwerburgh, explores how long-term interest rates track with wealth inequality.
Consulting, Governance, Ownership, Research Findings
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
Family, Research Findings
Can Money Buy Happiness?
In contrast to decades of research reporting surprisingly weak relationships between consumption and happiness, recent findings suggest that money can indeed increase happiness if it is spent the “right way” (e.g., on experiences or on other people).
Family, Research Findings
How do romantic couples manage their daily to do’s?
It appears that couples help each other remember outstanding tasks (“to-dos”) by issuing reminders.
Family, Governance, Research Findings
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.
Family, Research Findings
How can imagining your future self help your health?
To the extent that people feel more continuity between their present and future selves, they are more likely to make decisions with the future self in mind.