Family companies weathering Covid-19 pandemic storm better than peers

Such businesses outperform non-family firms by 3% in first six months of CY20, says Credit Suisse report

Family-owned companies worldwide may have weathered the Covid-19 pandemic better than non-family-owned firms, owing to their above-average defensive characteristics.

These businesses have outperformed by about 3 per cent relative to non-family-owned companies for the first six months of the year, observed The Family 1000: Post the Pandemic report by Credit Suisse, which surveyed more than 260 companies. The outperformance was stronger in Europe and Asia Pacific ex-Japan, at 6.2 per cent and 5.1 per cent respectively. Family-owned companies in Japan outperformed non-family-owned peers by 30.1 per cent during this period. 

The universe, includes 111 Indian family-owned companies, with a total