Research

Wharton GFA’s research projects have been centered on family business ownership, governance and management issues, and on family wealth management issues, including substantial work focused on Family Offices. The current practitioner oriented project is the fourth Family Office benchmarking survey which focuses on measures of financial performance, governance practices, management processes, communication practices, human resources practices, family education practices, technology issues, and more. The rigorous research agenda has been integrated into Wharton’s degree programs, including the family business course at the Ph.D. level.

This is the first global family program of its kind, with focused efforts on research and sharing of best practices with regard to the social impact that global families have worldwide.

Where Do We See Family Firms?

Most Family – Controlled

Percentage of Family Firms

Family Firm’s Market Share

Agricultural Production – Livestock

100%

100%

Automotive Dealers & Service Stations

86%

88%

Hotel & Other Lodging Places

77%

79%

Printing & Publishing

76%

60%

Motion Pictures

75%

95%

Least Family – Controlled

Percentage of Family Firms

Family Firm’s Market Share

Coal Mining

25%

9%

Electric, Gas & Sanitary Services

24%

8%

Petroleum Refining & Related Industries

23%

8%

Mining, Quarry, and Nonmetallic Minerals

14%

5%

Railroad Transportation

0%

0%

Sample of Published Research Papers

Corporate Divestitures and Family Control | PDF

E. Feldman, Raphael Amit, B. Villalonga
March 2016

Governance of Family Firms | PDF

Belén Villalonga , Raphael Amit , María-Andrea Trujillo , and Alexander Guzmán
December 2015

The Role of Institutional Development in the Prevalence and Value of Family Firms | PDF

Raphael Amit, Yuan Ding, Belén Villalonga, and Hua Zhang
November 2009

CONTACT US

General Inquiries

Wharton Global Family Alliance

215-898-7731
wgfa@wharton.upenn.edu
Press Inquires

Peter Winicov
Director, Communications,
The Wharton School

215-746-6471
winicov@wharton.upenn.edu