Chair in Family Businesses - Banque de Luxembourg


Titular professor

Nathalie CRUTZEN

Full Professor, PhD



Sustainable Performance : Tax, Audit & Accounting



Created in partnership with Banque de Luxembourg, HEC Liège’s Chair in Family Businesses, was launched at the beginning of 2019.

Spanning three years, academic research work is examining the family business model, setting itself the task of measuring the extent to which its model makes sense.

Family businesses represent more than the majority of companies in the world. In the French-speaking Belgian landscape, such businesses indeed amount to 75%. The family business model is very often held up as an example –  and rightly so – on account of its contribution to wealth and job creation, its durability and common sense, its adaptability and social role in its regional environment.

Family businesses appear to have attracted less academic attention than others, partly because they are less subject to information obligations and have long been relatively discreet if not secret. The family business model, however, is multifaceted and should not necessarily be seen as an end in itself.

This is why Banque de Luxembourg and HEC Liège have chosen to investigate the limits of this model, both with regard to the company and the family itself.

For HEC Liège, this new Chair opens up an academic field that is little pre-empted in other universities, while also addressing current and prospective entrepreneurs pursuing their training at HEC Liège.

By sponsoring this Chair, Banque de Luxembourg, which has long supported family entrepreneurship in Luxembourg and Belgium, sees an opportunity to scientifically deepen a subject in which it has a keen interest and an acute knowledge of family entrepreneurs’ real-life experience.  


Partner of the Chair

Last update :18/02/2021