Family businesses are economic motors and drivers of social cohesion around the world, which is why it’s important to better understand their impact on diverse stakeholder groups. To learn more, I encourage you to read the new white paper “Vínculos profundos: un análisis riguroso sobre las relaciones entre las empresas familiares y sus stakeholders” (Deep […]
External stakeholders: 3 ways to boost engagement
Guest contributor: Sumeet Malik Assistant Professor · University of Amsterdam / Entrepreneurship & Innovation Section 2021-2022 Post-Doctoral Fellow · IESE Chair of Family-Owned Business From investors and regulators to customers, external stakeholders are critical to the long-term success of family firms. They buy their products, regulate their operations, and provide their means of operation by […]
Are family firms really more socially responsible?
For socially responsible firms, corporate performance is more than financial statements and shareholder returns. Looking beyond the balance sheet, they aspire to serve all stakeholders, from employees, customers and suppliers, to local communities and society at large. In the realm of family-owned firms, a core dimension of this focus is socioemotional wealth (SEW), which refers […]