3. Prevalence and Economic Contributions of Family Firms

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3. Prevalence and Economic Contributions of Family Firms (c) Thomas Zellweger, 2017

What is the estimated contribution of family firms to GDP and employment? What is their share among the total population of firms? Why are family businesses more prevalent among small firms than large ones? In which industries are family firms particularly prominent? And why might this be? Why are family firms more prevalent in countries with weak formal institutions? (c) Thomas Zellweger, 2017

What are the advantages and disadvantages of applying the same What is your assessment of the predominant role of large family firms in many developing countries for the overall economic development of these countries? Why are family firms more prevalent on the stock market in countries with relatively weak formal institutions? What are the advantages and disadvantages of applying the same family firm definition in different national and regional contexts? (c) Thomas Zellweger, 2017