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Family Owned Businesses: India Ranks 3rd
Indian firms surveyed are more mature, with 60 per cent of family businesses in their third generation compared to 30 per cent of Chinese companies.
India has 108 publicly-listed family-owned businesses, third highest in the world, while China tops the tally with 167 such companies followed by the US which has 121, says a Credit Suisse report.
As per the Credit Suisse Research Institute's (CSRI) latest "CS Family 1000" report, with an average market capitalization of $6.5 billion, India ranks 5th in Asia Pacific excluding Japan, and 22nd globally, in terms of average m-cap.
Besides China, the US and India, the top 10 countries in terms of number of family-owned companies include France (4th place), Hong Kong (5th), Korea (6th), Malaysia (7th), Thailand (8th), Indonesia (9th), Mexico (10th). Job Loss: Don't Panic! Here Are 9 Business Ideas With No Cost
However, in terms of average size, the ranking changes much more in favour of developed markets, the report said.
Average m-cap of family-owned companies is greatest in Spain ($30 billion), the Netherlands ($30 billion), Japan ($24 billion) and Switzerland ($22 billion), the report that covered close to 1,000 family-owned, publicly-listed companies by region, sector, and size said.
It further said Indian firms surveyed are more mature, with 60 per cent of family businesses in their third generation compared to 30 per cent of Chinese companies.
According to Credit Suisse, the financial performance of family-owned companies is also superior to that of non-family-owned peers. Furthermore, family businesses appear to focus more on long-term growth, and they have outperformed peers in terms of share price returns.
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