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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. When a family business portfolio includes Read More...

Category: Research Insight

Authors: Marina Palm , Vanessa Diaz Moriana and Nadine Kammerlander

Why Families and Their Firms Behave Badly

Across a range of disciplines, researchers have sought to identify the “bad behavior” of family firms as well as its causes and effects. Such topics include family conflict, sibling rivalry, Read More...

Category: Research Insight

Authors: Roland Kidwell , Kimberly Eddleston , Linda Kidwell , John Cater and Ellison Howard

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

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

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

How to Build a Family Business Portfolio: Your Location Matters

We have always been deeply interested in the topic of why and how business families build up a portfolio of businesses, and how they manage this portfolio successfully in the long run. From many Read More...

Category: Research Insight

Authors: Philipp Sieger , Naveed Akhter and Francesco Chirico