MANILA, Philippines — Family-owned companies continue to rule the Philippine business scene with the country placing 11th globally in terms of number of firms run by clans, according to a report by the Credit Suisse Research Institute. The study also focused on companies with market capitalization of more than $1 billion to ensure that the “research universe can be properly compared to a wider universe of non-family-owned companies,” Credit Suisse explained. Business ( Article MRec ), pagematch: 1, sectionmatch: 1Meanwhile, according to Credit Suisse, family businesses have outperformed broader equity markets in every region and sector by an average of 3.9 percent per year since 2006. The research’s findings also revealed that financial performance of family-owned companies, where sales growth is recorded on a 10-year and five-year basis, is superior to that of non-family-owned businesses. “This seems to be at the core of the success of family owned companies in our view,” Klerk added.

Source: Philippine Star November 04, 2017 10:07 UTC