Most companies around the world are controlled by their founding families, including more than half of all public corporations in the U.S. and Europe, and more than two-thirds of them in Asia. These companies are subject to the financial management of the Family and closely held Firms course, elective course MBA from Harvard Business School. The course introduces students to the unique financial, management and governance issues faced by family firms, and the way in which these problems can be solved. The course provides students with the basis for an analysis of how family ownership, control and management affect the cost, and whether and how much value can be created for different stakeholders in family firms. The course is designed for students who may be associated with these companies in a variety of roles, including the founders, shareholders or managers of the company for their families, as well as those of non-family managers and employees, investors or business partners (for example, private investors) and advisers of different types (such as investment bankers, board members or consultants). "Hide
by Belen Villalonga Source: Harvard Business School 23 pages. Publication Date: March 9, 2009. Prod. #: 209137-PDF-ENG
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