Pitfalls and solutions for non-family chief executives.
Morten Bennedsen is the André and Rosalie Hoffmann Chaired Professor of Family Enterprise. He obtained a PhD in economics from Harvard University in 1998, a Master Degree With Distinction from London School of Economics and a Bachelor Degree from University of Copenhagen. His area of teaching includes family business governance, corporate governance, applied microeconomics and firm theory.
Morten Bennedsen’s main research area is the governance of family firms and other closely held corporations in a global context. He has done research on family firms, closely held corporations, capital structures, venture capital, investor protection, ownership structures and privatisation. He is co-author of The Family Business Map: Assets and Roadblocks in Long Term Planning and has had his work published in top finance and economics journals, such as Journal of Financial Economics, Journal of Political Economics, Quarterly Journals of Economics, Journal of Banking and Finance, and Journal of Public Economics, . Morten Bennedsen has won a number of research and teaching prices, such as winner of the Danish part of the Euryi competition (2004), the FUHU price for best teaching and course development at Copenhagen Business School (2006) and the biggest Danish individual research price - EliteForsk 2008 - from the Danish Ministry of Science.
He has served as an advisor to the Danish Ministry of Business in the area of family firms and succession politics in particular and more generally on corporate financial policy. He has has done advisory and consultancy work for the Danish association of private equity funds, the Danish Ministry of Foreign affairs, the World Bank and Novo Nordicfoundation. He frequently gives talks to family firms, corporate finance institutions, investment banks and private equity funds on the governance of family firms and the economic consequences of succession.
Morten Bennedsen’s research has been cited in many international newspapers including Wall Street Journal, International Herald Tribune, and business newspapers in Germany, Nederland, Portugal, Norway and Denmark.
Read case studies by Morten here.
Despite questions as to their cost and fairness, employment subsidies in the EU appear to be working as intended.
New evidence confirms that transparency creates a more equitable workplace – with no impact on firms’ profit.
Too much centralised control puts a family business at risk when the owner-manager dies.
Lessons from the U.K.’s oldest privately owned bank, which has been in the same family for more than 300 years.
Staying true to your roots can foster inertia when innovation is most necessary.
Hiring non-family executives helps ensure longevity, but it requires strategic finesse.
The family dynamics that promote smooth transfer to the next generation.