Family firms are among the most prevalent forms of business in many countries of the world. They are believed to account for more than 50% of the gross domestic product of the world’s most advanced economies. In Switzerland, for instance, the Swiss Institute for Small and Medium-Sized Enterprises at the University of St. Gallen found family enterprises to dominate the economy. Family firms are estimated to make up 88% of all enterprises in the country. However, it is difficult to compare numbers across countries.
Unable to display preview. Download preview PDF.