To read the full version of this content please select one of the options below:

South-east Asian family firms face tougher competition

Friday, June 23, 2017

Subject

Family firms in South-east Asia.

Significance

Generational change and competitive challenges are testing the resilience of the powerful family business conglomerates that control much wealth in ASEAN. Relatively few have succession plans in place, creating a risk of economic instability as ageing company founders withdraw.

Impacts

  • The traditional ASEAN family business needs to evolve into a management partnership with outside professionals.
  • Doing so could help it survive structural changes.
  • Governments may need to plug spending gaps such as in infrastructure as businesses relinquish their market dominance.
  • Inadequate governance systems, including investor protections, could hamper efforts to break up or list family assets.
Expert Briefings Powered by Oxford Analytica
Stay up to date
Sign up to the Expert Daily Briefings email alert and receive up-to-the-minute analysis of global events as they happen.
*If your university does not have access to Expert Briefings, visit our information page to find out more.