Rania Labaki, PhD is the director of the EDHEC Family Business Research Centre, associate professor of management at EDHEC Business School and a Family Business Fellow at Cornell University.
She serves as a board member of the International Family Enterprise Research Academy and as co-editor of Entrepreneurship Research Journal. Among her other commitments, she is family business expert and adviser for several international organisations.
Her teaching, advising and research interests focus on the interplay between emotional dynamics and family business behaviour relative to finance, entrepreneurship, succession and governance. She is a recipient of numerous awards recognising her contributions to the family business field, including the Barbara Hollander Award in 2020.
Anheuser-Busch, Champagne Taittinger, Malt-O-Meal and The Wall Street Journal are some illustrative examples of the behaviour of family owners relinquishing the control of the business, not without expressing regret after the sale.
Hoshi Ryokan from Japan, C Hoare & Co from the United Kingdom, De Kuyper Royal Distillers from The Netherlands and Mellerio dits Meller from France are some of the oldest companies in the world. While they represent diverse industries, from hospitality and banking services, to royal heritage distillery and luxury jewellery, they all share one common model. As family businesses, they managed to navigate multiple crises and build resilience over generations.
A study by the EDHEC Family Business Centre shows the rate of intra-family business succession in France is below 20%. While the tax environment exerts a significant impact on the low rate of family succession, it represents only the tip of the iceberg.
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