Family business

Asian businesses keep it in the family

Asian family businesses deliver consistently strong financial returns, according to a Credit Suisse private banking report.

Against the backdrop of Europe’s sovereign debt crisis and the slowdown in global economic growth, Asian family businesses continue to outperform. The backbone of Asia’s economies, family businesses have registered a six-fold increase in market capitalisation during the past decade.

Asian family businesses have delivered a 261% cumulative total return during the past 10 years, with businesses in many Asian countries outperforming local benchmarks, according to Credit Suisse’s Asian Family Businesses Report 2011, which analysed firms in China, Hong Kong, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan and Thailand.

In Asia’s family-owned firms, large shareholders generally have a long-term perspective and occupy senior management positions. This long-term...

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