Management

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.

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.

This paper provides evidence on the impact of paid leave legislation on fathers’ leave-taking, as well as on the division of leave between mothers and fathers in dual-earner households.

In a journal article by Oriana Bandiera, Luigi Guiso, Andrea Prat, and Raffaella Sadun, the authors combine unique administrative and survey data to study the match between firms and managers, illustrating how risk aversion and talent shape firms' selection and motivation of managers.

Professor Stefan Meier and colleagues find that, among low socio-economic groups, scarce resources indeed can affect one’s willingness to delay gratification when making choices about monetary rewards.

Professor Andrea Prat and colleagues study the information flows that arise among a set of agents with local knowledge and directed payoff interactions. 

Using a unique dataset from Denmark, Professor Daniel Wolfenzon and colleagues find that CEO and family deaths are strongly correlated with declines in firm operating profitability, investment and sales growth.

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.

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.

Many family businesses have enjoyed success for decades, even centuries. In Harvard Business Review, Professor Josh Baron PhD, explores five aspects of ownership that are crucial to family business success.