The phenomenom of financial activism has broadened its reach, no longer reserved for U.S.-based companies or large multinationals. More and more, activist funds–especially hedge funds–are buying stakes in companies they consider “mismanaged” or under-optimized, aiming to force changes in their strategy and governance, and in some cases, even their shareholder structure. Hedge funds and family […]
Heterogeneity in family businesses: 5 key concepts
Family businesses are the backbone of many local and global economies as drivers of both employment and economic stability. However, categorizing them as a single, uniform group limits our understanding of the numerous complexities and nuances among them. Far from a homogeneous collective, family-owned firms can differ in fundamental ways that shape their governance, strategic […]
The evolving role of women in family business
Women are increasingly stepping into senior-level roles in family-owned firms, bringing a distinct leadership style that blends strategic acumen with an ability to balance both family and business dynamics. This article explores the growing influence of women in family-owned firms, the challenges they face and new opportunities on the horizon. Female leadership in family business […]
Balancing socioemotional wealth and financial goals in family business
Family firms are integral to the global economy, driving positive change by pursuing both financial objectives and the generation of socioemotional wealth (SEW). Developed by Prof. Luis Gómez-Mejía, socioemotional wealth in family firms encompasses a number of non-economic factors including family control, values, legacy, transgenerational vision, pride of belonging and emotional connection. The dual role […]
Pension priorities: the impact of family ties on ethical decision making
With corporate responsibility gaining traction around the world, more and more business leaders are considering the ethical dimensions of management. Among global scholars, pension funding is one of the hot-button topics under review. Employee pension schemes are common in the U.S. and might soon expand in Europe, where governments are considering hybrid models to solve […]