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EDHEC Family Business research archives


Research Impact

The EDHEC Family Business Centre undertakes research on management quality within family firms, developing issues such as governance, management, succession, finance and family business role in society.

EDHEC Family Business Research Archives

Responsible ownership behaviors and financial performance in family owned businesses
Berent-Braun & Uhlaner (2012)
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Business Family as Team: Underlying Force for Sustained Competitive Advantage
Lorraine M. Uhlaner
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Family Governance practices and teambuilding: paradow of the enterprising family

Springer Science+Business Media, LLC.
Berent-Braun & Uhlaner (2010)
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Extrait
This paper explores the relationship between family governance practices and financial performance of the business and family assets of business-owning families. Abusiness-owning family that shares a focus on preserving and growing wealth as a family is defined as the enterprising family. Results of the study are consistent with predictions about the functioning of the enterprising family derived from research using social capital theory and group dynamics, especially with respect to teams. Family governance practices (family constitution, family code of conduct, clear selection and accountability criteria, family council, formal family communication mechanisms and family reunions) are hypothesized to build a strong and unified business-owning family functioning as a team. Results show that these practices are positively associatedwith financial performance. This relationship is mediated by a focus on preserving and growing business wealth as a family. Analyses are conducted on a sample of 64 family businesses from 18 countries.

The role of Ownership in Governance: A neglected focus in Entrepreneurship and Management Research
Lorraine M. Uhlaner (2008)
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Investor Protection and Corporate Valuation.
Journal of Finance, LVIII , (3)
Lopez-de-Silanes, F. (with R. La Porta, A. Shleifer, and R. Vishny) (2002)
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Extrait
Dans cet article, nous utilisons des données sur la structure du capital de grandes entreprises dans 27 économies riches afin d’identifier qui sont les véritables actionnaires majoritaires de ces entreprises. Sauf dans les pays où la protection des actionnaires est excellente, on découvre que le nombre d’entreprises détenues par un grand nombre d’actionnaires est relativement limité, contrairement aux représentations de l’actionnariat des entreprises modernes présenté par Berle et Means. Ces entreprises sont plutôt contrôlées par des familles ou par l’Etat. Le contrôle des établissement financiers est beaucoup plus rare. Grâce à leur apports financiers, les actionnaires majoritaires détiennent une pouvoir exagéré sur des entreprises ,ce qui se traduit tout d’abord par l’utilisation de pyramides et par une contribution au management.

Corporate Ownership Around the World.
Journal of Finance, LIV , (2), 471-517
Lopez-de-Silanes, F. (with R. La Porta, A. Shleifer) (1999)
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