Chair of Family-Owned Business

Chair: Álvaro San Martín

A forum of learning and connection for family firms

IESE’s Chair of Family-Owned Business was established in 1987 to promote and support family business and business family initiatives around the world.

The first of its kind in Europe, the Chair generates high-impact research and peer-reviewed publications, and actively participates in international conferences, research summits and educational initiatives, including regular sessions in IESE’s Alumni Learning Program.

Research areas.

  • Governance in family-owned firms
  • Interpersonal relationships and family dynamics
  • Succession processes
  • Ethics and corporate social responsibility
  • Sustainability and growth in the family firm
  • Innovation and intrapreneurship

Chair.

Álvaro San Martín is a Full Professor of the Managing People in Organizations Department and Chair of Family-Owned Business. He holds a Ph.D. degree in Management with a specialization in Organizational Behavior from INSEAD. Alvaro had previously majored in Economics as class valedictorian at Universidad Autonoma de Madrid.

His research interests lie in cultural psychology and team dynamics. Álvaro has published his work in premier scientific journals, such as American Psychologist, Nature Human Behaviour, Nature Communications, Journal of Personality and Social Psychology, Psychological Science, the Proceedings of the National Academy of Sciences, and Organizational Behavior and Human Decision Processes.

Academic Team.

Pascual Berrone

Pascual Berrone

Professor

Strategic Management
Alfonso Chiner

Alfonso Chiner

Lecturer

Strategic Management
Joan De Dou

Joan De Dou

Senior Lecturer

Managing People in Organizations
Marta Elvira

Marta Elvira

Professor

Strategic Management and Managing People in Organizations
Heinrich Liechtenstein

Heinrich Liechtenstein

Professor

Financial Management
Jeroen Neckebrouck

Jeroen Neckebrouck

Assistant Professor

Entrepreneurship
Edi Soler

Edi Soler

Senior Lecturer

Accounting and Control and Analysis of Business Problems
Josep Tàpies

Josep Tàpies

Emeritus Professor

Strategic Management

Collaborators.

Fundacion-Jesus-Serra
caser-grupo-helvetica-logo

Latest Insights.

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Related Programs.

Value Creation Through Effective Boards
Mujeres en consejos de administración
Artificial Intelligence for Executives

Resources.

Informe

White paper: Las empresas familiares y sus stakeholders

2023-24 Chair of Family-Owned Business Annual Report

2022-23 Chair of Family-Owned Business Annual Report

2021-22 Chair of Family-Owned Business Annual Report

100 Families That Changed the World

Family-Owned Business: 30 Years of Answered Questions

Publications

Journal Articles (refereed)

MEULEMAN, M., WILSON, N., WRIGHT, M., NECKEBROUCK, J. (2022). When the going gets tough. Private equity firms' role as agents and the resolution of financial distress in buyouts. Journal of Small Business Management, 60 (3), 513-540. doi:https://doi.org/10.1080/00472778.2020.1717242. RAMUS, T., VACCARO, A., BERRONE, P. (2021). Time matters! How hybrid organizations use time to respond to divergent stakeholder demands. Organization Studies, 42 (10), 1529-1555. doi:https://doi.org/10.1177/0170840619900341. NECKEBROUCK, J., MEULEMAN, M., MANIGART, S. (2021). Governance Implications of Attracting External Equity Investors In Private Family Firms. Academy of Management Perspectives, 35 (1), 25-44. doi:https://doi.org/10.5465/amp.2017.0204. DÁVILA, A., RODRÍGUEZ-LLUESMA, C., ELVIRA, M. (2018). Engaging stakeholders in emerging economies. The Case of multilatinas. Journal of Business Ethics, 152 (4), 949 - 964. doi:10.1007/s10551-018-3820-7. NECKEBROUCK, J., SCHULZE, W., ZELLWEGER, T. (2018). Are family firms good employers? Academy of Management Journal, 61 (2), 553 - 585. doi:10.5465/amj.2016.0765. NECKEBROUCK, J., MANIGART, S., MEULEMAN, M. (2017). Attitudes of family firms toward outside investors. The Importance of organizational identification. Venture Capital, 19 (1-2), 29 - 50. doi:10.1080/13691066.2016.1255414. DÁVILA, A., RODRÍGUEZ-LLUESMA, C., ELVIRA, M. (2013). Global leadership, citizenship and stakeholder management. Organizational Dynamics, 42 (3), 183 - 190. doi:10.1016/j.orgdyn.2013.06.003. TÀPIES, J., FERNÁNDEZ-MOYA, M. (2012). Values and Longevity in Family Business. Evidence From a Cross-Cultural Analysis. Journal of Family Business Management, 2 (2), 130 - 146. doi:10.1108/20436231211261871. TÀPIES, J. (2011). Empresa familiar: Un enfoque multidisciplinar. Universia Business Review (32), 12 - 25. DÁVILA, A., ELVIRA, M. (2010). La evaluación del rendimiento en empresas intensivas en conocimiento. Un caso de estudio. Universia Business Review (27), 124 - 141.

Working Papers

BARBAT, J., CEJA, L., TÀPIES, J. (2013). Key Issues in Family Councils: Insights from the Spanish Experience (WP-1070-E). Barcelona: IESE. CEJA, L., TÀPIES, J. (2011). A model of psychological ownership in next-generation members of family-owned firms: A qualitative study (DI-929-E). TÀPIES, J., CEJA, L. (2011). Los protocolos familiares en países de habla hispana: Cómo son y para qué se utilizan (DI-931). CEJA, L., TÀPIES, J. (2011). Corporate values guiding the world's largest family-owned businesses: A comparison with non-family firms (DI-916-E). TÀPIES, J., FERNÁNDEZ, M. (2010). Values and longevity in family business: Evidence from a cross-cultural analysis (DI-866-E).

Proceedings

NEACSU, I., ELVIRA, M., RODRÍGUEZ-LLUESMA, C. (2018). Thriving at the top in the digital era. The impact of ICT on TMT agility. Annual Meeting Proceedings: Chicago 2018. Academy of Management Proceedings. NECKEBROUCK, J., SCHULZE, W. (2018). How do private firms respond to performance feedback?. The Role of governance and self-enhancement. Annual Meeting Proceedings: Chicago 2018. Academy of Management Proceedings. NECKEBROUCK, J., MANIGART, S., MEULEMAN, M. (2016). Working for divergent principals. Effects of private equity on employment practices in family firms. Academy of Management Proceedings.

Articles in other publications

ELVIRA, M. (2022). Profundizando en la relación entre empresas familiares y sus ‘stakeholders’. Harvard Deusto Business Review (326). PROAÑO VICENTE, Á., ELVIRA, M. (2021). El papel del consejo de administración en la transformación digital: una hoja de ruta. IESE. CANALS, J., CASSIMAN, B., ELVIRA, M., SIEBER, S., RAES, A. (2018). Cómo la IA cambiará (o no) tu modo de dirigir. Inteligencia artificial. IESE Insight (38), pp. 47 - 54. CANALS, J., CASSIMAN, B., ELVIRA, M., SIEBER, S., RAES, A. (2018). How AI Will - and Won't - Change the Way You Manage. Artificial Intelligence. IESE Insight (38), pp. 47 - 54.

Books

TÀPIES, J. (2018). Empresa Familiar: 30 años de preguntas con respuesta. Barcelona: IESE. TÀPIES, J., SAN ROMÁN, E., GIL, Á. (2016). 100 Families that Changed the World. Family Businesses and Industrialization. Barcelona: Fundación Jesús Serra. GALLO, M. Á., GÓMEZ, G. (2015). Evolución y desarrollo de la empresa y de la familia. Barañáin: EUNSA. Ediciones Universidad de Navarra. TÀPIES, J., SAN ROMÁN, E., GIL, Á. (2014). 100 familias que cambiaron el mundo. Las empresas familiares y la industrialización. Barcelona: Fundación Jesús Serra. TÀPIES, J., CANALS, C. M. (2013). Sí, quiero. El compromiso de la familia empresaria. Aspectos clave para el fundador, los sucesores y la familia. Barcelona: Libros de Cabecera.

Edited books

TÀPIES, J. (2011). Familia empresaria. Argentina: LID Editorial Empresarial. TÀPIES, J., WARD, J. L. (2008). Family Values and Value Creation. The Fostering of Enduring Values Within Family-Owned Businesses. Basingstoke [England]: Palgrave Macmillan. GALLO, M. Á. (2004). La sucesión en la empresa familiar. Barcelona: Estudios y Ediciones IESE. GALLO, M. Á. (1999). Empresa Familiar 6. Barcelona: Estudios y Ediciones IESE. GALLO, M. Á. (1996). Empresa Familiar 5. Barcelona: Estudios y Ediciones IESE.

Studies

ELVIRA, M., TORRES, B., REVILLA, M. D. M. (2024). Vínculos profundos: Un análisis riguroso sobre las relaciones entre las empresas familiares y sus stakeholders. IESE. ELVIRA, M., VISINTIN, S. (2019). Índice de Dinamismo Laboral Meta4 IDL, Mayo de 2019. 10ª edición. IESE. PUEYO, R., TÀPIES, J., ANITUA, J., GOENAGA, P. (2017). La sucesión del primer ejecutivo en la empresa familiar. TÀPIES, J., MARCHAL, M. (2017). El papel de la mujer en los consejos de administración de las empresas cotizadas españolas. IESE. TÀPIES, J., VILANOVA, N. (2016). Los valores y la comunicación en la empresa familiar.

Cases

MOSCOSO, P., ISAAC SASTRE BOQUET, LAGO, A. (2023). Starbucks Reinvention Strategy: Store Automation and Growth. IESE, OIT-13-E. ELVIRA, M., PROAÑO VICENTE, Á., SASTRE BOQUET, I. (2023). Bodegas PRADOREY: Keys to the Future of a Family Business in the Winemaking Industry. IESE, SM-1708-E. ELVIRA, M., PROAÑO VICENTE, Á., SASTRE BOQUET, I. (2023). Bodegas PRADOREY: las claves del futuro de una empresa familiar en el sector vitivinícola. IESE, SM-1708. CALLEJA, L. M., ELVIRA, M., PROAÑO VICENTE, Á., SASTRE BOQUET, I. (2021). El DIA de mañana: ¿nueva propiedad para reflotar el negocio? IESE, SM-1712. CALLEJA, L. M., ELVIRA, M., PROAÑO VICENTE, Á., SASTRE BOQUET, I. (2021). The DIA of Tomorrow: Can New Ownership Turn Around the Business? IESE, SM-1712-E.

Technical Notes

TÀPIES, J., CEJA, L. (2015). A Guide to Reflecting on Your Entrance Into the Family Enterprise. IESE, SMN-691-E. CEJA, L., TÀPIES, J. (2015). La función y las responsabilidades del Consejo de Administración en la empresa familiar. IESE, SMN-693. TÀPIES, J., CEJA, L. (2015). Guía para reflexionar sobre la entrada en la empresa familiar. IESE, SMN-691. CEJA, L., TÀPIES, J. (2015). Function and Responsibilities of the Board of Directors in the Family Enterprise. IESE, SMN-693-E. CEJA, L., TÀPIES, J. (2014). Reaching Effective and Healthy Family Meetings: Some Reflections. IESE, SMN-690-E.

Journal Articles (refereed)

SABANCI, H., ELVIRA, M. (2024). The Outcomes of cross-category career moves. How cross-industry mobility and industry prestige jointly impact executive compensation. Academy of Management Journal, 67 (3), 767-797. doi:10.5465/amj.2020.1423. GODECHOT, O., TOMASKOVIC-DEVEY, D., BOZA, I., HENRIKSEN, L., HERMANSEN, A. S., HOU, F., KODAMA, N., KŘÍŽKOVÁ, A., JUNG, J., LIPPÉNYI, Z., MELZER, S. M., MUN, E., SABANCI, H., THANING, M., AVENT-HOLT, D., BANDELJ, N., APASCARITEI, P., BAUDOUR, A., CORT, D., ELVIRA, M., HAJDU, G., KANJUO-MRČELA, A., KING, J., PENNER, A., PETERSEN, T., POJE, A., RAINEY, W., SAFI, M., ... SOENER, M. (2024). The Great separation. Top earner segregation at work in advanced capitalist economies. AMERICAN JOURNAL OF SOCIOLOGY. doi:10.1086/731603. (Online first) APASCARITEI, P., ELVIRA, M., RODRÍGUEZ-GARCÍA, M. (2024). Flexing to outperform. Workforce differentiation, HR flexibility and firm performance. International Journal of Manpower. doi:10.1108/IJM-02-2024-0146. (Online first) BONET, R., ELVIRA, M., VISINTIN, S. (2024). Hiring temps but losing perms?. Temporary worker inflows and voluntary turnover of permanent employees. WORK EMPLOYMENT AND SOCIETY, 38 (1), 83–102. doi:10.1177/09500170221103135. MCALLUM, K., ELVIRA, M., VILLAMOR, M. (2024). “I only tell them the good parts”. How relational others influence paid careworkers’ descriptions of their work as meaningful. Management Communication Quarterly, 38 (1), 171-202. doi:10.1177/08933189231180133. GODECHOT, O., NEUMANN, N., APASCARITEI, P., BOZA, I., HALLSTEN, M., HENRIKSEN, L., HERMANSEN, A., HOU, F., JUNG, J., KODAMA, N., KŘÍŽKOVÁ, A., LIPPÉNYI, Z., ELVIRA, M., MELZER, S. M., MUN, E., SABANCI, H., SOENER, M., ... THANING, M. (2023). Ups and downs in finance, ups without downs in inequality. Socio-Economic Review, 21 (3), 1601–1627. doi:10.1093/ser/mwac036. ELVIRA, M., QUINTANA-GARCÍA, C., VILLAMOR, I. (2023). Aging the gap. The compensation among men and women executives. Journal of Management & Organization, 1 - 18. doi:10.1017/jmo.2023.11. (Online first) PENNER, A. M., PETERSEN, T., HERMANSEN, A. S., RAINEY, A., BOZA, I., ELVIRA, M., GODECHOT, O., HÄLLSTEN, M., HENRIKSEN, L. F., HOU, F., MRČELA, A. K., KING, J., KODAMA, N., KRISTAL, T., KŘÍŽKOVÁ, A., LIPPÉNYI, Z., MELZER, S. M., MUN, E., APASCARITEI, P., AVENT-HOLT, D., BANDELJ, N., HAJDU, G., JUNG, J., POJE, A., SABANCI, H., SAFI, M., SOENER, M., TOMASKOVIC-DEVEY, D., ... TUFAIL, Z. (2023). Within-job gender pay inequality in 15 countries. Nature Human Behaviour, 7 (2), 184-189. doi:10.1038/s41562-022-01470-z. APASCARITEI, P., ELVIRA, M. (2022). Dynamizing human resources. An integrative review of SHRM and dynamic capabilities research. Human Resource Management Review, 32 (4), Article 100878. doi:10.1016/j.hrmr.2021.100878. DÁVILA, A., RODRÍGUEZ-LLUESMA, C., ELVIRA, M. (2018). Engaging stakeholders in emerging economies. The Case of multilatinas. Journal of Business Ethics, 152 (4), 949 - 964. doi:10.1007/s10551-018-3820-7.

Proceedings

BONET, R., ELVIRA, M., VISINTIN, S. (2020). Hiring temps but losing perms?. The Effects of temporary hiring on turnover in a dual labor market. Annual Meeting Proceedings: Virtual 2020. Academy of Management Proceedings. ELVIRA, M., SABANCI, H. (2020). Leaps of faith. Cross-industry mobility, industry status, and executive compensation. Annual Meeting Proceedings: Virtual 2020. Academy of Management Proceedings. NEACSU, I., ELVIRA, M., RODRÍGUEZ-LLUESMA, C. (2018). Thriving at the top in the digital era. The impact of ICT on TMT agility. Annual Meeting Proceedings: Chicago 2018. Academy of Management Proceedings. LAVEZZOLO, S., RODRÍGUEZ-LLUESMA, C., ELVIRA, M. (2014). When Does it Matter? National Culture, Finance and the Moderating Role of Politics. Academy of Management Proceedings.

Articles in other publications

ELVIRA, M. (2022). Profundizando en la relación entre empresas familiares y sus ‘stakeholders’. Harvard Deusto Business Review (326). PROAÑO VICENTE, Á., ELVIRA, M. (2021). El papel del consejo de administración en la transformación digital: una hoja de ruta. IESE. APASCARITEI, P., ELVIRA, M. (2019). Diferencias en la búsqueda de empleo, por género, entre la población ocupada. Economistas (161), pp. 10 - 20. CANALS, J., CASSIMAN, B., ELVIRA, M., SIEBER, S., RAES, A. (2018). Cómo la IA cambiará (o no) tu modo de dirigir. Inteligencia artificial. IESE Insight (38), pp. 47 - 54. CANALS, J., CASSIMAN, B., ELVIRA, M., SIEBER, S., RAES, A. (2018). How AI Will - and Won't - Change the Way You Manage. Artificial Intelligence. IESE Insight (38), pp. 47 - 54.

Edited books

DÁVILA, A., ELVIRA, M., RAMIREZ, J., ZAPATA-CANTU, L. (2012). Understanding Organizations in Complex, Emergent, and Uncertain Environments. Basingstoke [England]: Palgrave Macmillan. DÁVILA, A., ELVIRA, M. (2008). Best Human Resource Management Practices in Latin America. Abingdon, Oxon ; New York: Routledge. ELVIRA, M., DÁVILA, A. (2005). Managing Human Resources in Latin America. An Agenda for International Leaders. Abingdon, Oxon ; New York: Routledge.

Book Chapters

NEACSU, I., ELVIRA, M., RODRÍGUEZ-LLUESMA, C., ESCARLAT, E. (2022). Connectivity in the virtual office space. Catalyst or impediment to TMT agility?. In Bertolaso, M., Capone, L., & Rodriguez-Lluesma, C. (Eds.), Digital humanism: a human-centric approach to digital technologies (pp. 193-219). London: Palgrave Macmillan. BONET, R., ELVIRA, M., VISINTIN, S. (2021). Voluntary turnover in the Spanish cultural and institutional context. In Allen, D. ; Vandarman, J. (Eds.), Global Turnover. Abingdon, Oxon ; New York: Routledge. ELVIRA, M., CALLEJA, L. M. (2019). General management as firm ownership changes. In Caldart, A., Ricart, J.E. and Carrera, A. (Eds), General Management in Latin and Ibero American Organizations: A Humanistic Perspective. Abingdon, Oxon ; New York: Routledge. RODRÍGUEZ-LLUESMA, C., ELVIRA, M. (2018). Chief Executive Officer (CEO). In Kolb, R.W. (Eds.), The SAGE Encyclopedia of Business Ethics and Society (pp. 431 - 434). Barcelona: Sage. DÁVILA, A., ELVIRA, M. (2018). Revisiting the Latin American HRM model. In Chris Brewster, Wolfgang Mayrhofer & Elaine Farndale (Eds.), Handbook of Research on Comparative Human Resource Management, 2nd edition (pp. 393 - 407). Cheltenham: Edward Elgar Publishing.

Studies

ELVIRA, M., TORRES, B., REVILLA, M. D. M. (2024). Vínculos profundos: Un análisis riguroso sobre las relaciones entre las empresas familiares y sus stakeholders. IESE. ELVIRA, M., VISINTIN, S. (2022). El índice de dinamismo laboral y la evolución salarial. IDL 15ª edición. IESE. ELVIRA, M. (2022). Temporary employment, precarity trap in low-paying jobs, and wage inequality. VISINTIN, S., ELVIRA, M. (2022). Índice de Dinamismo Laboral CegidMeta4 IDL, abril del 2022. 14ª edición. IESE. VISINTIN, S., ELVIRA, M. (2021). Índice de Dinamismo Laboral Meta4 IDL, Octubre del 2021. 13ª edición. IESE.

Cases

ELVIRA, M., PROAÑO VICENTE, Á., SASTRE BOQUET, I. (2023). Bodegas PRADOREY: Keys to the Future of a Family Business in the Winemaking Industry. IESE, SM-1708-E. ELVIRA, M., PROAÑO VICENTE, Á., SASTRE BOQUET, I. (2023). Bodegas PRADOREY: las claves del futuro de una empresa familiar en el sector vitivinícola. IESE, SM-1708. SAMILA, S., ELVIRA, M. (2022). Ferrer: AI and Digital Transformation in the Pharmaceutical Industry. IESE, SM-1726-E. SAMILA, S., ELVIRA, M. (2022). Ferrer: IA y transformación digital en el sector farmacéutico. IESE, SM-1726. CALLEJA, L. M., ELVIRA, M., PROAÑO VICENTE, Á., SASTRE BOQUET, I. (2021). El DIA de mañana: ¿nueva propiedad para reflotar el negocio? IESE, SM-1712.

Technical Notes

RODRÍGUEZ-LLUESMA, C., MARTÍN, M., ELVIRA, M. (2024). Diversity in top management teams. IESE, DPON-149-E. , VILLAMOR, M., ELVIRA, M. (2020). Diversity In Boards of Directors: A Synthesis and Review. IESE, DPON-159-E. RODRÍGUEZ-LLUESMA, C., ELVIRA, M., MARTÍN, M. (2019). La diversidad en los equipos de alta dirección. IESE, DPON-149.