Research

Family Business Program faculty have been recognized for contributions in research on family firms at the highest levels.

Daniel Wolfenzon's article "Inside the Family Firm: The Role of Families in Succession Decisions and Performance" was ranked first in a review of research methodology in 13,461 papers in a Critical Finance Review article which found that it exemplifies "shock-based" research design. He has presented his latest paper “Drivers of Effort: Evidence from Employee Absenteeism” at nearly 20 institutions globally.

Other research includes:

  • Governance Problems in Closely-Held Corporations In Journal of Financial and Quantitative Analysis (2011). Coauthor(s): Nagar, Petroni
  • The structure and formation of business groups: Evidence from Korean chaebols In Journal of Financial Economics (2011) 
  • Coauthor(s): Almeida, Park, Subrahmanyam
  • Inside the family firm: The role of families in succession decisions and performance In Quarterly Journal of Economics (2007). Coauthor(s): Bennedsen, Perez-Gonzalez
  • A theory of pyramidal ownership and family business groups In Journal of Finance (2006). Coauthor(s): Almeida
  • Governance of Family Firms in Corporate Governance (2010). Coauthor(s): Bennedsen

We co-host “New Ideas in Family Firms,” an innovative academic-practitioner conference with INSEAD’s Wendel International Centre for Family Enterprise. This annual conference combines expertise, insights, and professional approaches of leading academics who study family firms along with leading practitioners who advise and consult to family firms.