Written on 01 February 2013.
The conference assembled over 80 family-business leaders, large groups such as Bel, Hermès, JCDecaux Holding, Daregal and Léon Grosse, as well as representatives of the Family Business Center’s founder members including BIC, Deloitte, Oddo & Cie, Caisse d’Epargne Nord France Europe and Mage-Invest (Michelin family).
The conference began with an introduction by Olivier Oger, Dean of EDHEC Business School, who reiterated the Center’s objectives as set out in the EDHEC for Business strategy.
Following the introduction, Florencio Lopez-de-Silanes provided an overview of the identity of family businesses and their weight in the global economy: What are these family businesses? How are they identified? Are there differences between the European and American models? Some initial responses were presented and these are due to be expanded in a detailed presentation in June. In a second stage, Florencio Lopez-de-Silanes unveiled the results from an in-depth analysis of the available global literature dealing with the performance of family businesses.
The guest of honour, Philippe Oddo, then shared his expertise and experience in assisting family businesses over several generations, his chosen angle being the success of family businesses in France and Europe. After reiterating the criteria used to identify family businesses, he illustrated their performance with help from the Oddo Family Business indices and the Oddo Generation funds.
Eventually, a round table led by Benoit Arnaud, Director of the EDHEC Management Institute and Director of the EDHEC Family Business Center, provided the opportunity to match academic research with family business histories and to discuss the criteria used to measure the performance, specific characteristics and success of these companies in France and the rest of the world.
The next EDHEC Family Business conferences are scheduled for the following dates: