Family firms and industries
Family firms represent a majority of the firms in most industries. They are more widespread in less capital-intensive industries. Within industries, they tend to be smaller and more profitable than nonfamily firms.
While the proportion of family firms varies across industries, family firms represent a large majority of firms in all industries. The industries with relatively fewer family firms tend to be more capital intensive: utilities and mining and oil.
Family firms tend to be smaller on average than nonfamily firms across all industries. The difference is larger for conglomerates (firms active in multiple industries) and mining and oil.
Family firms tend to be more profitable than nonfamily firms, and that difference is confirmed across almost all industries except construction:
Growth rates are lower in family firms compared to nonfamily firms in almost all industries, except for diversified (multisector) firms: