Dynastic-controlled firms are led by founding-family CEOs while the family owns an insignificant share of equity (defined as less than 5%).
The claim that most family businesses fail in the third generation is refuted in this study by Thomas Zellwegger and colleagues.
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.
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.
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
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).
It appears that couples help each other remember outstanding tasks (“to-dos”) by issuing reminders.
People are more generous toward single than toward multiple beneficiaries, and encouraging greater giving to multiple targets is challenging.
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.
To reconcile empirical inconsistencies in the relationship between emotionally-negative families and daughters’ abnormal eating, this article hypothesizes a critical moderating variable: daughters’ vulnerability to emotion contagion.