Our Latest Articles

September 16, 2024 - Issue #126

How Do Owners of Family Business Portfolios Restructure Poorly Performing Firms? How Do Owners of Family Business Portfolios Restructure Poorly Performing Firms? Families can get emotionally attached to laggards in their portfolios and avoid taking tough but necessary action, putting the entire enterprise in peril.
How Business Families Can Invest for Social Impact How Business Families Can Invest for Social Impact Business families have many ways to combine financial returns with philanthropy. The choice depends on their values, long-term goals and other factors.
Should Former Leaders Stay Involved in the Family Firm? Should Former Leaders Stay Involved in the Family Firm? The successor's readiness for the top role, and the firm's age and experience with previous successions, are main factors to consider.
With Women Directors, Strategy Disclosure Decreases Cost of Capital at Family Businesses With Women Directors, Strategy Disclosure Decreases Cost of Capital at Family Businesses Family firms face higher borrowing costs than non-family firms if they disclose strategic information, but having women on their boards helps them narrow the gap.
Storytelling Vividly Illustrates Your Family Business Values Storytelling Vividly Illustrates Your Family Business Values Passing on stories among family members from one generation to the next is one powerful way values can be passed through multiple generations without being reduced to meaningless words.
Family Firms Are Like Jenga
Renewing the Empire:  A Family Firm's Succession and Refit Journey Renewing the Empire: A Family Firm's Succession and Refit Journey Next-gen leaders often have a clearer view of how the family business must change. The challenge is to preserve the culture and values while making change happen.
Academy of Management Honors FamilyBusiness.org Editor Kimberly Eddleston Academy of Management Honors FamilyBusiness.org Editor Kimberly Eddleston The award recognizes her role in launching and growing the world's leading website for supporting and educating family businesses.
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Will Your Family Brand Survive New Leadership?
by Meghan Lynch / Practice Insight

As trillions in family-owned companies shift to next-generation leaders, one critical asset is being ignored: the brand. Here’s why brand value—often nearly 20% of enterprise worth—erodes during succession and how families can protect it. Read more...

From 'Passing Down' to 'Building Up': Rethinking Values in Family Firms
by Viktoria Luft, Anne Katarina Heider, Heinrich Liechtenstein, and Tarek el Sehity / Research Insight

Rather than inherited like family heirlooms, values are shaped and re-shaped by interactions between the generations at the family firm.  Read more...

Your Investment Strategy Should Reflect Your Family Values and Goals
by Claudia Binz Astrachan, Anneleen Michiels, Massimo Baù, and Chris Graves / Practice Insight

A family investment policy defines how a family manages its collective financial assets in alignment with its shared values, goals, and risk preferences. Read more...

Families Can Overcome Generational Conflicts Over Technology
by Maria Annosi, Mat Hughes, Davide de Gennaro, Roberta Oppedisano, and Filomena Buonocore / Research Insight

A study of Italian firms shows how differences can be resolved, so the company can honor tradition and still make progress. Read more...

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Things to Consider When Transferring Family Business Ownership
by Susan Lanz, Gary Burke, Kajsa Haag, and Omid Omidvar
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

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How Family Dynamics Shape Family Businesses
by Joseph Astrachan and Claudia Binz Astrachan
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation