Goals, Control and Conflicts in Family Offices: A Conceptual and In-Depth Qualitative Study

ISBN-13: 9783658024901 / Angielski / Miękka / 2013 / 158 str.

Stephan Wessel

Opis

​Family offices manage and coordinate a family's combined wealth whilst preserving the family legacy and protecting family interests. The families behind these family offices control a significant percentage of the GDP of developed economies, with consequences for financial markets. At the same time, family offices act at the intersection of family and commerce, which makes this particular form of organization appealing to the field of strategic management. Despite its practical and academic relevance, the literature has hardly explored the concept of family offices. As a result, the primary objective of this book is to introduce the domain of family offices. By exploring goals, control and conflicts in the context of family offices, this book contributes to consider this family-influenced organization an essential constituent of management research and an ever more prominent actor in today's global financial markets.

Spis treści

​Typology of family offices.- Financial and non-financials goals of families.- Formal and informal control mechanisms.- Interdependencies between family business and family office.- Antecedents of conflict in family offices.- Consequences of conflict in family offices.

O autorze

Stephan Wessel wrote his dissertation under the supervision of Prof. Dr. Andreas Hack at the INTES Institute for Family Businesses at WHU - Otto Beisheim School of Management, Vallendar.

Blurb

Family offices manage and coordinate a family’s combined wealth whilst preserving the family legacy and protecting family interests. The families behind these family offices control a significant percentage of the GDP of developed economies, with consequences for financial markets. Despite its practical and academic relevance, the literature has hardly explored the concept of family offices. This book is a first step to introduce the domain of family offices. To this end, the author conducted case studies with managers and family members of 21 single and multi-family offices. By exploring goals, control and conflicts of these family office structures, Stephan Wessel contributes to consider this family-influenced organization an essential constituent of management research and an ever more prominent actor in today’s global financial markets.

 

 

Contents

·         Typology of Family Offices

·         Financial and Non-Financial Goals of Families

·         Formal and Informal Control Mechanisms

·         Interdependencies between Family Business and Family Office

·         Antecedents and Consequences of Conflict in Family Offices

 

 

 

Target Groups

·        Researchers and students in the field of business management with a focus on strategic management, business governance and family business research

·         Families, managers and consultants in the market for family office services

 

 

The Author

Dr. Stephan Wessel wrote his dissertation under the supervision of Prof. Dr. Andreas Hack and Jun.-Prof. Dr. Carolin Decker at the Institute for Family Businesses at WHU - Otto Beisheim School of Management, Vallendar.

 

 

The Editors

The series Familienunternehmen und KMU is edited by Prof. Dr. Andreas Hack, Prof. Dr. Andrea Calabrò, Prof. Dr. Hermann Frank, Prof. Franz W. Kellermanns Ph.D. and Prof. Dr. Thomas Zellweger.