Great report that highlights the fact that family firms are great, perform well and are in it for the long term too. We knew that already!
People like to complain about their families. But when it comes to making money, it’s the family-owned businesses that seem to be doing it best. That’s the conclusion from a report issued this week by Credit Suisse. The report, surveying the principal members of 900 family-owned firms found that these firms made more money, generated more cash and generally performed better in the financial markets than their non-family-owned counterparts. “Over time, family-owned companies very structurally outperform in every region, every sector, and for small and larger companies,” Eugene Klerk, head analyst of thematic investments at Credit Suisse, told CNBC.