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January 20, 2012

The majority of Australian family businesses are managed by older individuals who will soon have to decide what will happen to the company when they retire. However, just 25% of them consider succession a crucial issue.

The majority of Australian family businesses are managed by older individuals who will soon have to decide what will happen to the company when they retire. However, just 25% of them consider succession a crucial issue.

These are the main findings of a study by Melbourne-based RMIT University and MGI, a consulting firm specialising in family businesses.

The report, called The MGI Australian Family and Private Business Survey, was based on a study of about 5,000 private companies in Australia.

January 19, 2012

Money is key for American family business owners, while their Finnish counterparts value time and tend to stick to what they know best.  

Money is key for American family business owners, while their Finnish counterparts value time and tend to stick to what they know best.

That’s according to a new doctoral thesis, Construction of the Entrepreneurial Identity in the Family Business Context, which found big difference in how Finnish family business owners and their US counterparts see themselves and their entrepreneurial identities.

December 18, 2011

Family businesses are the backbone of Italy’s economy but governance seems to be their biggest challenge, with many family firms struggling when it comes to integrating non-family executives.

Family businesses are the backbone of Italy’s economy but governance seems to be their biggest challenge, with many family firms struggling when it comes to integrating non-family executives and expanding the business, according to a leading academic.

Guido Corbetta, professor of family business at Bocconi University, told CampdenFB that companies with concentrated ownership and leadership structures, typically with few family members involved, tend to work best.

November 8, 2011

More than 40% of all Bulgarian companies are family businesses, according to a new study by the country’s national statistics office NSI.

More than 40% of all Bulgarian companies are family businesses, according to a new study by the country’s national statistics office NSI.

The research shows that out of 370,593 companies in Bulgaria, more than 156,000 are family-owned.

In addition, the study found that in 2010, family businesses in Bulgaria had a turnover of BGN38 billion (€19.4 billion), representing about 20% of the BGN191 billion turnover realised by all Bulgarian companies in the same year.

October 31, 2011

Four out of 10 family businesses in Ireland want to increase their workforce in the next year and a further 42% intend to maintain current levels of employment, according to a study by financial advisory firm KPMG.

Four out of 10 family businesses in Ireland want to increase their workforce in the next year and a further 42% intend to maintain current levels of employment, according to a study by financial advisory firm KPMG.

The research, which was based on a survey of 300 family firm owners, also found that 73% of Ireland’s family-owned companies diversified their products and services during the country's economic downturn.

October 24, 2011

British medium-sized businesses have the potential to be a powerful engine of growth, injecting up to £50 billion (€57.6 billion) into the country’s economy by 2020. However, their ability to contribute to economic growth often goes unlocked as they are overlooked by government and financiers.

British medium-sized businesses have the potential to be a powerful engine of growth, injecting up to £50 billion (€57.6 billion) into the country’s economy by 2020. However, their ability to contribute to economic growth often goes unlocked as they are overlooked by government and financiers.

This is the main finding of a new report by the Confederation of British Industry, the UK’s biggest employers' organisation.

October 18, 2011

Management buyouts can help ensure a family business stays in the hands of people who care about the company and have worked hard for its success, according to a private bank.

Management buyouts can help ensure a family business stays in the hands of people who care about the company and have worked hard for its success, according to a private bank.

Family businesses may be reluctant to opt for a management buyout, but if succession plans fail, then it could be a good solution, said Mark Evans, head of Coutts Institute.

October 13, 2011

Asia-Pacific’s high net worth population has surpassed that of Europe and is now the second largest in the world, new research says.  

Asia-Pacific’s high net worth population has surpassed that of Europe and is now the second largest in the world, a new research says.

Read full article at CampdenFO

October 6, 2011

Asian philanthropists can make a big impact on the development of the region, thanks to a new strategic approach to charity that emphasises innovation, scale and sustainability.

Asian philanthropists can make a big impact on the development of the region, thanks to a new strategic approach to charity that emphasises innovation, scale and sustainability.

Read the full article at CampdenFO.

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