German family involved enterprises in the global economy at the very top, is known. Now a study by the ZEW shows that you are also create new jobs and grow faster than the Dax companies.
Between 2007 and 2016, the buildings, the 500 largest family businesses number of employees in Germany rose 23 percent to 2.54 million, as of the Monday study published by the centre for European economic research (ZEW) and the Institute for Mittelstand research (ifm). The 27 Dax-companies that are not family companies, therefore, has only increased by four percent to 1.55 million.
worldwide the 500 largest German family enterprises have provided many new jobs. So, the number worked in the year 2016, in terms of employees, more than five million people for these companies, which corresponds to an employment growth of 27 percent since 2007.
“anchor of Stability”
Good nine out of ten private companies in Germany are family businesses
“family firms are in difficult times, the anchor of Stability for the German economy,” said Brun-Hagen Hennerkes, Chairman of the Board of the Foundation for family businesses, which commissioned the study.
in fact, family business is an essential part of Germany as a business location. Well, nine out of ten private companies in Germany in the year 2017, a family business. They employ nearly 60 percent of the workers in the private sector.
Stronger sales growth
Also, as measured by the revenue of the 500 companies grew more than 27 Dax-listed companies, the study said. They increased their group-wide revenue in the investigation period by 36 percent. The Dax-listed companies came to a growth of 29 per cent.
In average, the revenue increased at the 500 largest family businesses, according to the study of 3.7 percent per year over the period examined. When faced Dax companies increased by an average of around three percent. Among the Top 500 considered family companies, the Dax-listed companies and family companies, Merck, Beiersdorf, and Henkel.
90 percent of private enterprises
However, the family-run company with a view to the number of employees, as well as in terms of turnover, significantly smaller than the foreign-run family business. A family-run company generated in the period, on average, about a third of the turnover of non-family managed companies.
for More course information to Beiersdorf
> information to Handle ST
Additional course Additional course information to Merck KGaA
<p class="text small" A firm is considered family-controlled if it is majority-owned by a small number of natural individuals. The study shows that the private sector of the economy of family businesses: More than 90 percent of the private companies are controlled by families, 86 percent are even companies run by its owner and family.
In Dax are listed the 30 largest listed companies. Including three corporations, which are considered to be a family business with Beiersdorf, Henkel and Merck.
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1/10 of The largest family companies in the world