Family Business Review

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When a Family Business Faces a Crisis, Should the Founder Step Aside?

Founders may react too aggressively when their businesses are threatened. New research reveals when the next generation may be better equipped to lead a turnaround. EDITOR'S NOTE: This article was Read More...

Category: Research Insight

Authors: Melania Riefolo , R. Adam Smith , Sabrina Finkbeiner , Jan-Philipp Ahrens , Agata Braja and Franciele Beck

How Family Offices Can Turn Impact Investments Into Measurable Results

Active ownership, clear goals, and close relationships with entrepreneurs can help investments deliver social and environmental impact. EDITOR'S NOTE: This article was produced in partnership with Read More...

Category: Research Insight

Authors: Mattias Nordqvist , Marco Mismetti , Fredrik Holmberg and Lorenz Schwab

When Keeping the Business in the Family No Longer Makes Sense

A study of German family businesses showed that as intra-family succession becomes more difficult, families are increasingly open to selling — and intermediaries are emerging to help match owners Read More...

Category: Research Insight

Authors: Allan Sandham and Isabell Stamm

Strong Family Businesses Think Short Term and Long Term at the Same Time

In a crisis, family firms cannot afford to focus only on immediate survival or future legacy. The most resilient ones do both, drawing on past lessons, trusted relationships, and long-standing Read More...

Category: Research Insight

Authors: Vanessa Diaz Moriana , Eric Clinton , Catherine Faherty and Colm O'Gorman

How Families Shape Successor Motivation—and the Firm’s Long-Term Direction

Family firms don’t have goals—people do. The rise and fall of Italy's Florio dynasty shows how successor motivation shapes the balance between growth, legacy, and community—and how families can Read More...

Category: Research Insight

Author: Alexandra Dawson

Will Your Nonfamily Employees Defend Your Business? 

A stewardship climate, where employees feel trusted and truly valued, mobilizes nonfamily employees to defend the family firm against reputational threats. EDITOR’S NOTE: This article was produced Read More...

Category: Research Insight

Authors: Sarah Burrows , Craig Crossley , Catherine Faherty and Jim Combs

Family Ownership Can Undermine Financial Health

However, those who invested more in R&D and operated in countries with strong and supportive institutions enjoyed better market capitalizations. EDITOR’S NOTE: This article was produced in Read More...

Category: Research Insight

Authors: Ivan Miroshnychenko , Rui Torres de Oliveira , Alfredo De Massis and Ruth Überbacher

This badge is awarded for articles reaching 500000 views. Things to Consider When Transferring Family Business Ownership

Family business succession involves transferring ownership as well as management. Family circumstances and past events lead to three types of ownership transfers. EDITOR’S NOTE: This article was Read More...

Category: Research Insight

Authors: Susan Lanz , Gary Burke , Kajsa Haag and Omid Omidvar

Nonfamily CEOs Are Most Vulnerable in the Middle Stage of Their Tenure

Family businesses tend to give all CEOs time to prove themselves, but are tougher on outsiders who don’t deliver results after a few years. EDITOR’S NOTE: This article was produced in partnership Read More...

Category: Research Insight

Authors: Wei Shen , Cecilia Gu and Lin-Hua Lu

How CSR Shapes the Power of Family Business Branding

Being family-owned or socially responsible endears a business to consumers. Having both attributes mutes the impact of family ownership, and requires a different branding strategy. EDITOR’S NOTE: Read More...

Category: Research Insight

Authors: Philipp Jaufenthaler , Roland Schroll and Dhruv Grewal