The financial performance of Family-owned businesses is superior in terms of revenue as well as cash flow growth to that of non-Family-owned businesses.
According to a research report unveiled by a well-known Swiss-based Investment bank and financial services company credit Suisse, the financial performance of family-owned businesses is superior in terms of revenue as well as cash flow growth to that of non-family-owned businesses.
Here’s the top 10 countries list with the highest number of family-owned companies:
As the figures in table depict, China ranks first globally in terms of number of family-owned businesses with 159 firms. India (111) followed China and the United States (121).
According to a report published in BloombergQuint, Eugène Klerk, head analyst of Thematic Investments at Credit Suisse said, “this year, we find that the family-owned businesses are continuing to outperform their peers in every region and Sector.”
He further said, “we believe this is due to the long-term outlook of family-owned businesses relying less on external funding and investing more in research and development.”