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Research Findings
Does financial reporting misconduct pay off even when discovered?
Experts and popular beliefs suggest that it pays to engage in financial misconduct due to lax enforcement and punishment after 2003.
Governance, Leadership, Practitioner Perspectives, Research Findings
Life After an Exit: How Entrepreneurs Transition to the Next Stage
Entrepreneurs are different from other people. Their talent lies in imagining a new solution or a fresh approach that gives the world something it may not have even realized it needed. Building a successful enterprise from start-up to sustained profitability demands total immersion.
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.
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Consulting, Family, Management, Research Findings
How do equal opportunity and family-friendly policies impact women in the labor market?
Although the gender wage gap in the U.S. has narrowed, women’s career trajectories diverge from men’s after the birth of children, suggesting a potential role for family-friendly policies.
Family, Research Findings
What happens when spouses have different approaches to spending and saving?
Professor Michaela Pagel and colleague document how a spouse who spends more of his or her share of income increases overall household spending.
Practitioner Perspectives, Research Findings
Learning from Each Other
The New Ideas in Family Firms Conference brings together the world’s leading academic researchers and consulting practitioners to discuss what they can learn from each other and how to move theory and practice forward.
Family, Research Findings
How do emotions travel in groups?
Professor Adam Galinsky and co-authors explore whether emotions intensify among people in groups in “Feeling more together: Group attention intensifies emotion.”
Governance, Leadership, Ownership, Research Findings, Strategy
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.
Finance, Governance, Ownership, Research Findings
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.”
Governance, Leadership, Management, Research Findings
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.
Governance, Ownership, Research Findings
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.
Finance, Ownership, Research Findings
Do Wealthy People Deserve to Be Rich?
Shai Davidai, Associate Professor, Management, Columbia Business School, determines the role charitable giving plays on whether others perceive that the rich deserve their wealth.