Home BIG Story The Top 10 Nations With The Highest Number Of Family-owned Businesses

The Top 10 Nations With The Highest Number Of Family-owned Businesses

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.

The Top 10 Nations With The Highest Number Of Family-owned Businesses
The Top 10 Nations With The highest number Of 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:

Rank Nation Quantity
10 Thailand 26
9 Italy 27
8 Switzerland 32
7 Germany 42
6 Korea 43
5 France 45
4 Hong Kong 72
3 India 111
2 USA 121
1 China 159

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.”