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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
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Family, Ownership, Research Findings
Is it lonely at the top?
Eight studies by Professor Adam Galinsky and colleagues find a robust negative relationship between the experience of power and the experience of loneliness.
Family, Management, Ownership, Research Findings
How do firms, managers and incentives match up?
This article combines unique administrative and survey data to study the match between firms and managers. The model illustrates how risk aversion and talent determine how firms select and motivate managers.
Family, Management, Ownership, Research Findings
How do financial resources affect decision-making?
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.
Family, Management, Research Findings
How are information, communication and influence related?
Professor Andrea Prat and colleagues study the information flows that arise among a set of agents with local knowledge and directed payoff interactions.
Consulting, Family, Research Findings
Grandma Knows Best
How does family interaction impact age of autism spectrum disorder diagnosis?
Family, Leadership, Management, Research Findings
Do CEO’s matter? How do family deaths impact them?
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.
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.