The Global Field of Multi-Family Offices: Business Models as Communication Devices

Decker, Carolin and Lange, Knut (2014). The Global Field of Multi-Family Offices: Business Models as Communication Devices. In: Academy of Management Annual Meeting, 5 Aug 2014, Philadelphia, USA.

DOI: https://doi.org/10.5465/AMBPP.2014.11391abstract

Abstract

The concept of the organizational field has hardly been applied to international phenomena. The empirical analysis of Bloomberg’s Top 50 Family Offices shows that this global organizational field is characterized by a significant level of homogeneity in the way that the differences between the design themes of the analyzed business models are marginal. However, the field is also characterized by heterogeneity which is not driven by the regional embeddedness of the multi-family offices. The findings are relevant for the new institutionalism for which the organizational field is the dominant unit of analysis, because they indicate that the notion of organizational fields is also applicable if researchers studies phenomena that transcend national borders

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