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Day: March 2, 2015

In June 2007, French newspaper Le Figaro reported that between 1990 and 2006, family-owned corporations in France had outperformed the CAC40 benchmark French stock market index, with returns of 639% over the time period compared to returns of 292% for the CAC40 for the same time. Other studies in countries such as Germany, Italy and even the UK and US where prevalence of family-owned firms is much lower, have also made similar claims. What benefits and drawbacks can you identify in firms that are family-owned compared to those where ownership and management are separated (Burnham, 1941; Coase 1937; Chandler, 1977? What implications does this have for the share price maximisation view of the firm that is dominant in the US and UK?

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The Constructionarium is a hands-on construction experience for students and young professionals. It is where students following civil engineering or building courses learn practically to build bridges with industry – their future employers. The basic model consists of a “triangle” formed by a university, contractor and consultant working in partnership to deliver a new learning experience, which combines the academic perspective with those of the design professional and practical site delivery

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