21 Philanthropy Through Family Offices
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Elena Rivo-López
Abstract
In the last 10 years, the number of family offices and the volume of actively managed assets have experienced worldwide growth. As a result of this evolution, the ways in which business families carry out philanthropic activities have changed. A family office often is created when a business family decides to continue investing and carrying out various activities together, using their know-how to manage the family’s assets and philanthropic projects. This chapter of the book focuses on the philanthropic activities of business families developed through family offices, by presenting examples of large family offices all over the world that are linked to business families.
Abstract
In the last 10 years, the number of family offices and the volume of actively managed assets have experienced worldwide growth. As a result of this evolution, the ways in which business families carry out philanthropic activities have changed. A family office often is created when a business family decides to continue investing and carrying out various activities together, using their know-how to manage the family’s assets and philanthropic projects. This chapter of the book focuses on the philanthropic activities of business families developed through family offices, by presenting examples of large family offices all over the world that are linked to business families.
Chapters in this book
- Frontmatter I
- Contents V
- List of Contributors IX
- 1 Business Families: An Introduction 1
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Part I: Business Families as the Family Behind the Firm
- 2 Family Businesses as Multiplex Relationships 31
- 3 Family, Organization, and Network: A New Approach to a Systems Theory of the Business Family 49
- 4 Resilient Enterprising Families 69
- 5 Enterprising Families: An Embeddedness Perspective on Offspring’s Entrepreneurial Career Preferences, Cognitions, and Actions 81
- 6 Kinship and Family Businesses on the Move: A Review and a Research Agenda 115
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Part II: Business Families with Multiple Businesses
- 7 Influence of Next-Generation Family Champions on New Venture Creation by Business Families: An Indian Perspective 135
- 8 “All My Firms?” Managing SEW Affective Endowments in Business Family Portfolios 163
- 9 Business Family Reputation, Internal Markets, and Holdup Agency Costs 187
- 10 The Transformative Function of Weak Institutional Environments: The Case of Business Families in the Arab Middle East 201
- 11 Evolutionary Long-Term Entrepreneurial Processes in Business Families 223
- 12 Entrepreneurial Multi-Business Families – Evidence from Continental Europe 247
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Part III: Governing the Business Family
- 13 Introducing “Top Governance Teams”: Towards an Extension of the Family Business Cluster Model 275
- 14 Codes of Governance for Family Businesses 309
- 15 Family Office Research: A Primer 329
- 16 Family Wealth Governance and the Role of Advisors 349
- 17 How Can a Family Control its Business Without Ownership Influence? A Case Study of Suzuki Corp 369
- 18 How Business Families Advance Their Members’ Careers: The Case of Show Business Families 397
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Part IV: Institutionalization of Wealth and Business Families in Society
- 19 Institutionalizing Family Legacy, Reproducing Dynasties 413
- 20 The Varieties of Business Families: A Capitalist Class Perspective on Business Family Diversity 437
- 21 Philanthropy Through Family Offices 465
- 22 Traditional Authority in Social Context: Explaining the Relation between Types of Family and Types of Family-Controlled Business Groups 487
- 23 Migrant Business Families in Central America 519
- 24 Succession Process and the Model of Change in a Transgenerational Family Business 541
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Part V: The Future of Business Families Research
- 25 Business Families: Promising Future Research Directions 563
- List of Figures 577
- List of Tables 579
- Index 581
Chapters in this book
- Frontmatter I
- Contents V
- List of Contributors IX
- 1 Business Families: An Introduction 1
-
Part I: Business Families as the Family Behind the Firm
- 2 Family Businesses as Multiplex Relationships 31
- 3 Family, Organization, and Network: A New Approach to a Systems Theory of the Business Family 49
- 4 Resilient Enterprising Families 69
- 5 Enterprising Families: An Embeddedness Perspective on Offspring’s Entrepreneurial Career Preferences, Cognitions, and Actions 81
- 6 Kinship and Family Businesses on the Move: A Review and a Research Agenda 115
-
Part II: Business Families with Multiple Businesses
- 7 Influence of Next-Generation Family Champions on New Venture Creation by Business Families: An Indian Perspective 135
- 8 “All My Firms?” Managing SEW Affective Endowments in Business Family Portfolios 163
- 9 Business Family Reputation, Internal Markets, and Holdup Agency Costs 187
- 10 The Transformative Function of Weak Institutional Environments: The Case of Business Families in the Arab Middle East 201
- 11 Evolutionary Long-Term Entrepreneurial Processes in Business Families 223
- 12 Entrepreneurial Multi-Business Families – Evidence from Continental Europe 247
-
Part III: Governing the Business Family
- 13 Introducing “Top Governance Teams”: Towards an Extension of the Family Business Cluster Model 275
- 14 Codes of Governance for Family Businesses 309
- 15 Family Office Research: A Primer 329
- 16 Family Wealth Governance and the Role of Advisors 349
- 17 How Can a Family Control its Business Without Ownership Influence? A Case Study of Suzuki Corp 369
- 18 How Business Families Advance Their Members’ Careers: The Case of Show Business Families 397
-
Part IV: Institutionalization of Wealth and Business Families in Society
- 19 Institutionalizing Family Legacy, Reproducing Dynasties 413
- 20 The Varieties of Business Families: A Capitalist Class Perspective on Business Family Diversity 437
- 21 Philanthropy Through Family Offices 465
- 22 Traditional Authority in Social Context: Explaining the Relation between Types of Family and Types of Family-Controlled Business Groups 487
- 23 Migrant Business Families in Central America 519
- 24 Succession Process and the Model of Change in a Transgenerational Family Business 541
-
Part V: The Future of Business Families Research
- 25 Business Families: Promising Future Research Directions 563
- List of Figures 577
- List of Tables 579
- Index 581
