How Family Businesses Are Being Uniquely aAffected by the COVID-19 Crisis, According to a Kellogg Professor of Finance
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They're really resilient. If you start thinking about families that are four generations, three generations, they have learned through experience and faced hardships through time.
I want to have a rum company and to be one of the best in the world.
It was the sugar division that was producing money and financing, basically, the rum.
What you see is that these companies invest much more in divisions that are not related.
Disentangling which weighs more in the success of family firms is still an empirical question for scholars.