Free Cash Flow Analysis

Daniel Wolfenzon, the Stefan H. Robock Professor of Finance and Economics at Columbia Business School, is a distinguished scholar in corporate finance and organizational economics. With a PhD and Masters in Economics from Harvard University and dual BS degrees in Economics and Mechanical Engineering from MIT, Wolfenzon brings a multidisciplinary approach to his research. As a Faculty Research Fellow at the National Bureau of Economic Research, he has made significant contributions to understanding control sharing in small firms, the effects of investor protection on ownership concentration, and the structure of business groups globally. His recent work focuses on family firms, examining the consequences of family succession on firm performance and the importance of managerial talent in family-controlled businesses. Wolfenzon's research combines theoretical economic approaches with practical insights into family business management, making him a leading expert in the field with implications for corporate governance, ownership structures, and the unique dynamics of family-owned enterprises.