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Single Family Offices as Owners: Long-Term Investors or Financial Optimizers?

When a family firm reaches a certain size, the family may decide to transfer their wealth and their ownership into a family office. These offices help business families manage their wealth across Read More...

Category: Research Insight

Authors: Joern Block , Reza Fathollahi and Onur Eroglu

A Family's Non-Financial Values Shape Its Sustainability Strategy

Family businesses often have not only financial wealth but also nonfinancial values that make them different from nonfamily companies. For instance, the family’s significant control over ownership, Read More...

Category: Research Insight

Authors: Josh Hsueh , Alfredo De Massis and Luis Gomez-Mejia

How to Encourage Devotion Among Nonfamily Employees

Every business strives to recruit and hire the best employees and to retain them over time. Creating and nurturing a workplace environment that contributes to productivity and helps the firm achieve Read More...

Category: Research Insight

Authors: Josep Llach , Valeriano Sanchez-Famoso and Dr. Sharon M. Danes

Why Women CEOs Offer Family Businesses an Entrepreneurial Advantage

A CEO who supports entrepreneurship is important to both family and nonfamily business success. However, the need to remain entrepreneurial is especially important for family businesses because their Read More...

Category: Research Insight

Authors: Kimberly Eddleston and Franz Kellermanns

Family Firms May Need More Legal Advice Than They Think

Family business owners often depend on legal advice to control ownership changes and uphold a functional balance between owners. This legal advice on ownership issues spans both family law and Read More...

Category: Research Insight

Authors: Kajsa Haag , Hanna Almlöf , Marina Madsen and Mette Neville

Unforeseen Crisis Made These Family Businesses Stronger

Pandemics, wars, and natural disasters can have a significant impact on the economy and its organizations.  Such events are called “exogenous shocks” because they come without warning from Read More...

Category: Research Insight

Authors: Rebecca Alguera Kleine , Bingbing Ge and Alfredo De Massis

Perceptions of Family Firms Vary by Country: Why This Matters

Research shows that family businesses enjoy numerous reputational benefits in their relationships with stakeholders ( Astrachan , 2021). Customers usually believe they provide better quality; Read More...

Category: Research Insight

Authors: Philipp Jaufenthaler , Oliver Koll , Reinhard Prügl and Maximilian Lude

When the Family Leaves the Business, Can Their Values Remain?

We already know that family firms differ from non-family firms by their powerful commitment to core values that subordinate profit to other goals. While non-family companies use rationality and Read More...

Category: Research Insight

Authors: Roy Suddaby , Wilson Ng , Natalia Vershinina , Gideon Markman and Matthew Cadbury

Women Show Their Strengths When Family Businesses are in Trouble 

Around the world, women have always been part of family businesses. However, little is known about how they affect the continuity of family firms in certain areas of the world, especially patriarchal Read More...

Category: Research Insight

Authors: Allan Discua Cruz , Eleanor Hamilton , Giovanna Campopiano and Sarah Jack

How the Right Mix of Employee Incentives Fosters Innovation

Many people assume that when a family business honors its past, it can’t focus on the future. But our research has found that having the right incentives in place encourages employees at family Read More...

Category: Research Insight

Authors: Elisa Villani , Christian Linder , Alfredo De Massis and Kimberly Eddleston