Goals, Control and Conflicts in Family Offices

A Conceptual and In-depth Qualitative Study

  • Stephan Wessel

Part of the Familienunternehmen und KMU book series (KMU)

Table of contents

  1. Front Matter
    Pages I-XVII
  2. Stephan Wessel
    Pages 1-7
  3. Stephan Wessel
    Pages 9-15
  4. Stephan Wessel
    Pages 125-138
  5. Back Matter
    Pages 139-158

About this book


Family offices manage and coordinate a family’s combined wealth whilst preserving the family legacy and protecting family interests. The families behind these family offices control a significant percentage of the GDP of developed economies, with consequences for financial markets. Despite its practical and academic relevance, the literature has hardly explored the concept of family offices. This book is a first step to introduce the domain of family offices. To this end, the author conducted case studies with managers and family members of 21 single and multi-family offices. By exploring goals, control and conflicts of these family office structures, Stephan Wessel contributes to consider this family-influenced organization an essential constituent of management research and an ever more prominent actor in today’s global financial markets.




·         Typology of Family Offices

·         Financial and Non-Financial Goals of Families

·         Formal and Informal Control Mechanisms

·         Interdependencies between Family Business and Family Office

·         Antecedents and Consequences of Conflict in Family Offices




Target Groups

·        Researchers and students in the field of business management with a focus on strategic management, business governance and family business research

·         Families, managers and consultants in the market for family office services



The Author

Dr. Stephan Wessel wrote his dissertation under the supervision of Prof. Dr. Andreas Hack and Jun.-Prof. Dr. Carolin Decker at the Institute for Family Businesses at WHU - Otto Beisheim School of Management, Vallendar.



The Editors

The series Familienunternehmen und KMU is edited by Prof. Dr. Andreas Hack, Prof. Dr. Andrea Calabrò, Prof. Dr. Hermann Frank, Prof. Franz W. Kellermanns Ph.D. and Prof. Dr. Thomas Zellweger.

Authors and affiliations

  • Stephan Wessel
    • 1
  1. 1., WHUInstitut für FamilienunternehmenVallendarGermany

Bibliographic information

  • DOI
  • Copyright Information Springer Fachmedien Wiesbaden 2013
  • Publisher Name Springer Gabler, Wiesbaden
  • eBook Packages Business and Economics
  • Print ISBN 978-3-658-02490-1
  • Online ISBN 978-3-658-02491-8
  • Buy this book on publisher's site