Precis of research articles originally written in the Family Business Review; other market and academic research related to the field.
As practitioners we encounter gender-related issues regularly as we help business families plan for the future ownership and leadership of their enterprises.
The core question of the article is clear: Is agency or stewardship governance more effective for aligning the interests of (family or nonfamily) managers with those of family owners?
Following on the early release of the June 2017 issue of FBR, we are pleased to present the following three précis. Thanks to the original authors and the authors of the précis for this continuing feature in The Practitioner.
Corporate scandals and financial meltdowns have led to corporate governance reforms all around the world. In addition to the rules and laws that firms have to legally comply with, several self-regulatory codes or ‘soft-laws’ have been enacted in many countries.
We all know that many family business owners have different types of goals than do the executives of non-family enterprises, especially publicly-traded corporations. In spite of this awareness, researchers have predominantly attempted to measure family firm performance by financial measures.
Family business leaders have long been exhorted to professionalize their businesses. While what this entails has yet to be precisely determined, most would concede that professionalization entails the adoption of a range of human resource systems and practices.
This week's issue of The Practitioner gives you four ways of looking at a piece of significant research: 1) the original article; 2) the précis by Frank Hoy; 3) a podcast interview with the authors and FBR assistant editor.
Research Applied précis prepared by Judy Green, Family Firm Institute The authors of “Not All Created Equal” present a thoughtful and well-researched paper on the topic of birth order and role identity.
(Authors: Antonio J. Revilla, Ana Perez-Luno, and Maria Jesus Nieto) Research Applied précis prepared by Kim Schneider Malek, Family Enterprise Alliance, LLC Family firms aim to survive, thrive, and outperform the competition.
(Author: Celina Smith) Research Applied précis prepared by Thomas V. Schwarz, Black Forest, LLC A jolt is a ‘sudden and unprecedented’ event that has the potential to greatly impact a firm’s future.
(Authors: Oliver Meier and Guillaume Schier) Research Applied précis prepared by Ken McCracken, KPMG LLP.