Family firms by industry
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.
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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, e.g. utilities and mining and oil.
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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.
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Family firms tend to be more profitable than nonfamily firms, and that difference is confirmed across almost all industries except construction:
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Growth rates are lower in family firms compared to nonfamily firms in almost all industries, except for diversified (multisector) firms:
