Families run a large fraction of business groups around the world. In this paper, we analyze how the structure of the families behind these business groups affects the groups' organization, governance and performance. To address this question, we constructed a unique data set of family trees and...

Families run a large fraction of business groups around the world. In this paper, we analyze how the structure of the families behind these business groups affects the groups' organization, governance and performance. To address this question, we constructed a unique data set of family trees and...

Large private enterprises in the ASEAN-5 economies have been, and remain, dominated by firms that share four common characteristics: (1) their ownership and control are concentrated among a handful of prominent business families; (2) most of these families have Chinese origins; (3) each family...